Apr. 19, 2023
April 19, 2023 Given chairman Gensler himself conceded abusive Participant routing of 95% of household orders being routed thru ATS or dark pool exchanges any instrument that facilitates or aids in the trade process of any U.S. security, including any communication protocol, should be heavily regulated, enforced, if not prohibited altogether to prevent fraud an abuse by participants to ensure orders are processed in a market free and fair for everyone. Every arm of all Participants involving the trade of a U.S. securities should be required to register as such either as a national stock exchange or broker-dealer an held to the same rules if not participants are incentivized to abuse Rule 3b-16. Its also clear crypto exchanges require regulatory transparency as evidenced by FTX tokenized stock exchange where assets are not backed 1:1 a tokens are still used to back real shares ultimately creating unmitigated risk for all parties market wide. The SEC has a duty to regulate any exchange that facilitates trade of any U.S. security including crypto. Participants have proven time an again they will abuse any an all rules an enforcement by the SEC is necessary so our markets are free and fair across the board. If any party, facility, or branch of any participant facilitates trades or orders of U.S. securities it should be registered as NSE or Broker-dealer and held to the same laws, rules regulations so I support the SECs rule amendation.