Mar. 12, 2023
I fully support this rule. Monopolies are bad, and there is clear monopolistic behavior here. The Commission notes that approximately 90% of marketable orders of household investors in NMS stocks to a small group of six off-exchange dealers, and 66% is captured by just two firms. Those figures will be even higher for specific stocks. The state of American markets is clearly anti-competitive and that needs to change. In addition, the penalties need to be more than “the cost of doing business”, they should be greater than the profits made by breaking the rule, at a minimum. Regards, Anthony Koury