Subject: S7-31-22: WebForm Comments from Christopher Byer
From: Christopher Byer
Affiliation: Branch Manager

Dec. 29, 2022

December 29, 2022

 Thank you for addressing this serious issue that effects individual retail traders.  As stated, 90% of retail orders are directed to off exchange entities.  This does not allow for true price discovery and does not allow for a true supply and demand market.  I stand in complete agreement with the proposed change and encourage the SEC to continue investigating ways to make the market as fair and transparent for all that choose to invest.