Feb. 23, 2023
Dear Sir or Madam, I am writing to express my support for SEC rule change No. 34-96493, which proposes amendments to the current requirements for the disclosure of order execution information by broker-dealers. As an investor, I believe that the disclosure of order execution information is crucial for ensuring fair and efficient markets, and for protecting the interests of investors. The proposed rule change would update and clarify the current requirements, reflecting changes in technology and market structure, and would improve the transparency and accessibility of order execution information for investors. I particularly appreciate the proposed requirements for broker-dealers to provide more detailed information to clients about the execution quality of their orders, including information about the speed, price improvement, and likelihood of execution of their orders. This would enhance transparency and enable investors to evaluate the quality of execution received for their orders. In addition, the proposed rule change would require broker-dealers to provide investors with more detailed information about the venues used for order execution, including information about the types of executions received and any fees or rebates associated with those executions. This would enhance transparency and enable investors to evaluate the effectiveness and competitiveness of the broker-dealer's order execution practices. I have personally experienced situations where the order execution information provided by broker-dealers has been limited or unclear, and I strongly believe that this proposed rule change will enhance transparency and protect investors from any conflicts of interest or unfair treatment in the execution of their orders. In conclusion, I believe that the proposed rule change would promote fair and efficient markets, enhance transparency in the disclosure of order execution information, and protect the interests of investors. I strongly urge the SEC to adopt this rule change. Thank you for your attention to this matter. Sincerely, Sarah Geno