Subject: Re: Order Competition Rule, File No. S7-31-22, Release No.34-96495
From: Jonathan McConnell
Affiliation:

Mar. 17, 2023

 


This rule change will greatly affect the markets with a positive outcome. It is not a mystery that the markets are extremely unfair. Working towards leveling the playing field is crucial in supporting trust in the markets.  


Increasing fines is paramount, as currently this is being viewed as the cost of doing business.   


Competition in the markets will help support the public interest and protect investors from the unfair comingling of brokers and dealers among exchange markets and between exchange markets and markets other than exchange markets.  


The currently monopoly as stated by The Commission (approx. 90%) is detrimental to a free market.  


I would pay more for shares to avoid being routed through a wholesaler that has been charged numerous times by the United States Government. 


There is no desire for household investors to have their orders intercepted by middlemen.  


Among all the research out there, this is a no brainer. Internalization is bad for markets, and we need more rules as technology is ever evolving and certain entities have taken advantage of this. 


Please not only pass the rule but by God enforce it. Do not let these crooks continue to do business with such bad practices. It is only hurting the markets.  


There needs to be jail time. Period.  


Kind Regards,