Subject: File No. S7-31-22; Release No. 34-96495: Order Competition Rule
From: Ryan Wynne
Affiliation:

Mar. 31, 2023

 



Hello, 


I am commenting to support File No. S7-31-22; Release No. 34-96495: Order Competition Rule.  PFOF has been banned elsewhere (in the U.K., for example), and it should be banned here. Wholesalers are taking billions from individual and institutional investors and calling it "superior performance" while lying about the quality of their services to maintain their profits.  Broker-dealers who are repeat offenders should lose their licenses instead of receiving fines that amount to a cost of doing business. 



Thank you, 
Ryan Wynne 





  
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