Subject: S7-31-22: WebForm Comments from Steve Coles
From: Steve Coles
Affiliation:

Mar. 07, 2023

March 7, 2023

 I'm an individual investor, and I'm writing in support of the rule changes proposed in File S7-31-22. As a household investor, I want transparent and fair markets. The conflicts of interest that market makers wish to preserve seriously undermine faith in American markets. Routing of retail orders to ATS markets by market makers who take positions on the other side of retail creates a dangerous conflict of interest.

It is no surprise that these conflicted hedge fund/market makers are now writing in opposition to these proposed rule changes. As these rules undermine their flawed, and unethical business model. I strongly urge the SEC to ignore their comments, and instead adopt the rule changes.

We need markets that regular investors can trust.