Subject: S7-31-22: WebForm Comments from Jonathan McConnell
From: Jonathan McConnell
Affiliation: Privacy Analyst

Feb. 23, 2023

February 23, 2023

 I am all for the proposed rule. The retail investor has been at a disadvantage since technology replaced a simpler trading process. The mere existence of dark pools should be disputed but for now effectively diverting trades to the lit exchange is a push in the right direction.

PFOF I feel is a huge conflict of interest. When retail market orders are being purchased and redirected off kit exchange this affects price discovery in a negative manor.

The securities exchanges need to be overhauled as manipulation has gone on for too long.

Lets pass and move towards a better future.