Subject: S7-31-22: WebForm Comments from Owen
From: Owen
Affiliation:

Mar. 31, 2023




 March 31, 2023

 To Whom it may concern,

I am writing as an individual investor in favor of this proposed rule. The stock market currently operates like a weighted scale, where the Market Makers can push their thumb or lift it as they please. This rule, along with proper enforcement, will bring back the Stock Market as it should be  an impartial exchange that exists solely to transfer funds from investor to brokerage in as efficient and direct route as possible, maximizing best execution and price discovery. If the current system is allowed to continue, then orders will continue filling in an un-equal, inefficient manner that maximizes profits between brokerages and Market Makers instead of prioritizing best execution for the investor.

The current rule forces dark pools (ATS) to provide quotes and trades to consolidated market data if they wish to operate as an auction. This along with eliminating PFOF would provide competitive pricing to investors and bring more transparency to the markets. I implore you to listen to me and many of the other passionate investors, and bring transparency, efficiency, and fairness back to the Stock Market.

Sincerely,

Owen L.