Mar. 26, 2023
I am in support of this rule change as a household (retail) investor first and foremost for the following reason: For market fairness! The current structure is unethical and brokers who do not accept any kind of PFOF route orders differently and consequently see superior execution quality. Orders must go to a public auction where everyone has an equal opportunity to fill the order. This gives other market participants the chance to offer better prices, without monetary incentives that artificially and negatively impact trades. Overall, this rule will create a fairer and more transparent market. Thank you.