Mar. 30, 2023
This rule will definitely benefit retail investors. Transparency in the order routing by brokers and wholesalers will inherently promote fair and transparent markets. When signing up with a broker, you hope they have your best interest at heart. Without the best execution rule, investors would not know whether or not brokers provided them with the best possible execution. Brokers can send orders to an affiliate of theirs everytime instead of to the place with the best execution. That doesn't promote a fair market. I support this rule.