Mar. 19, 2023
Hello SEC, I am writing about this rule and I fully support this. This rule would benefit retail investors and allow for a more transparent and fair market. Price discovery would be a stronger possibility. It is not fair how wholesalers such as Citadel get first access to information that benefits them greatly. Every rule the SEC passes is only as good as the enforcement that backs it. I want to see higher fines that actually serve as a significant deterrent. I think some broker-dealers should lose their licenses instead of receiving fines that amount to nothing more than a cost of doing business - a cost that is often outweighed by the ill-gotten gains obtained through “honest mistakes”. I fully support the rule, please implement it as soon as possible. I deeply appreciate and support any efforts to reduce the speed games that damage the integrity, credibility, and functioning of American markets. I deeply appreciate and support any efforts to reduce inducements and to reduce the ‘farming’ of individuals’ orders for rebate money. Thank you for reading