Mar. 31, 2023
To whom it may concern, I am a household investor and US Army combat veteran. I wholeheartedly support the new rule that states that market orders must go to a public auction. The market is clearly unfair in its current state and allowing so-called market makers like citadel to use unfair methods like pay-for-order flow (PFOF) is an obvious abuse of power and should be banned in the US as it is in other countries. Wholesalers should not have an advantage over anyone, and should not be able to influence or manipulate the market in any way whatsoever. I support a free, fair, and open market. I support market transparency, and I support the rights of the individual, household investors to put their earnings into a company or business that they believe in, without bad actors siphoning their savings. The proposed rule to bring more transparency to so-called dark markets should be implemented as soon as possible. The SEC should enforce this new rule with extreme vigilance, and anyone caught breaking the rules should have their licenses revoked. Fines are a joke to billionaires. Please remove the middleman and ensure a competitive, fair market for all. Thank you, Nick De Costa Illustrator Website Instagram