Mar. 31, 2023
To whom it may concern, I am aware today is the last day you are accepting comments on this matter and I appreciate the time you are taking to read this email. I believe that in the year 2023, given the political instability our country has experienced over the last 15 years, bureaucracy is a good thing. I know there are a lot people who believe that deregulation is the "American freedom" they desire but I think it is the opposite. To me, it seems like there is fraud in many ways in our broad stock market and it seems like every time a law is broken, the fine is only symbolic. The consequences are always far too inadequate to balance any profits knowingly made by breaking the laws. I think some broker-dealers should lose their licenses instead of being fined. I fully support the rule proposed and hope that you implement it as soon as possible. I appreciate and support efforts made to reduce the speed games played by "market makers" which damage the integrity, credibility, and functioning of American markets. I appreciate and support efforts to reduce the "farming" of individuals' orders for rebate money. Monopolies are bad, and it seems like our political gridlock is designed to allow monopolies to eat up smaller businesses. I believe that the behavior our market makers have shown is clear monopolistic behavior. The current market is obviously not fair and this proposed rule is an important step in the direction of making our markets fair. Fair competition is incredibly important, since it is supposed to be the driving principal of our "Free market". It is clear to me that removing profiteering middlemen from the market will provide equity to stock prices for both individuals and institutions. Thank you for taking the time to read this letter. Kind regards, -Jon