Subject: Order Competition Rule, File No. S7-31-22, Release No.34-96495
From: Roger Ruiz
Affiliation:

Mar. 20, 2023

 





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. 
Regards, 
Roger Ruiz