Apr. 01, 2023
To Whom It May Concern, I strongly support the Commission's proposed tick size regime and recommend you utilize clear and unambiguous language in the rule structure to avoid any confusion or litigation. Instead of allowing rebates and other inducements in the marketplace, establish a zero or very low fee structure to eliminate the potential for trading for the sake of volume. Current market structure encourages high volumes of trade to farm fees. You could also Implement a variable minimum pricing increment model that applies to both quoting and trading of National Market System stocks to promote fair and transparent pricing across trading venues. While reducing the access fee caps is a step in the right direction, completely eliminating exchange rebates would further enhance transparency and fairness in the market. I also believe that the SEC should be accelerating the implementation of the revised round lot definition and odd lot dissemination on the SIP to enhance reporting efficiency and reduce delays. These steps are paramount in regaining public confidence and trust in the market, particularly in light of recent events like the GameStop controversy and the LME Nickel controversies. Enforcement matters. We want higher fines, bigger penalties, actual consequences not 1 percent fines as a cost of doing business. Best, Luke Petersen =