Mar. 26, 2023
Dear Sir/Madam, As a householdinvestor form europe, please take notes of the following points: For individual investors who may not have a comprehensive understanding of trade execution, achieving best execution is crucial in the process of trade execution. Retail investors, who may not be well-versed in the workings of the markets, require straightforward instructions on how to comprehend and analyze the data presented in Regulation NMS Rule 605 reports. Brokers are obligated to provide best execution to their clients according to common law agency principles and fiduciary duties. However, it is necessary to transform this obligation into a rule that can be enforced by the SEC. But every rule the SEC passes is only as good as the enforcement that backs it. I want to see higher fines that actually serve as a significant deterrent. And last but not least I think some broker-dealers should lose their licenses instead of receiving fines that amount to nothing more than a cost of doing business - a cost that is often outweighed by the ill-gotten gains obtained through “honest mistakes”. With best regards, Josef Emanuel Wagner