Dec. 23, 2022
To Whom it may concern, I am writing today to say, Thank You. Thank you for appearing to be who you claim to be, as often it is unclear. These new 4th quarter proposals, of which I will submit comment for all of them, make me feel like the SEC is concerned with their mission. This proposal is wildly important. Having a marketplace that requires the market makers ( and there should be more of them, or none of them) to compete for our trades is a fantastic idea. I would even support a preferred government market maker option, one that is a public service and not a profit monger. We as a people can not have market makers front running stock trades. It should be known that their position is a privilege that can be taken away. Instead of a golden gun to rob and steal off of every trade imaginable. Folks like Kenneth Cordele Griffin of Citadel, poses as a tech company with market maker status. This is extremely dangerous knowing how quickly algorithms can make these trades at his immediate direction. After reading the proposal, as an individual investor, one main thing sticks out to me. We are proposing rules that would adapt a 1934 rule to catch up with technology. The fact that this is even a discussion is preposterous. I support this proposal and any proposal that mandates that the laws governing the markets are able to adapt and grow as fast or faster than the market tech itself. As I come to understand the process more, I am concerned with the comment process. I hope this brief comment serves the purpose of a 'yay' or 'nay' vote of sorts. I am concerned that those opposed would submit a thousand pages of legalese and waste your precious time and resources. Any proposals that may further this efficiency will have my support as well. Best Regards, Jamin Townsley