Mar. 31, 2023
Hello, I write this comment as an ongoing effort to improve the state of the financial markets. As for all markets inscreased competition is a way to improve. We can't let single monopolistic entities control the order flow, furthermorre real consequences are needed when these monopolistic market makers use their power to siphon wealth from the market. When the punishment if only a small fee than it's just a cost of doing buisiness. We need to hold each market partifipant accountable with a loss of operation rights instead of small fees. I deeply appreciate the efforts of the SEC to finally improve the markets and truly support this rule and want to see it implemented soon! I would prefer stongly to pay for trades in commisions and would love smaller fees if that means that orders are routed to the open markets instead of internalization by monopolistic market makers 15 U.S.C. 78k-1 (“section 11A”) states that "It is in the public interest and appropriate for the protection of investors and the maintenance of fair and orderly markets to assure ... fair competition among brokers and dealers, among exchange markets, and between exchange markets and markets other than exchange markets." For too long the Commission has not be enduring fair competition, especially within the off-exchange systems that currently dominate. It's good to see they are beginning to take their mandate more seriously. I appreciate the efforts done by the SEC and took my time to comment on this issue because we all individual and institutional investors benefit from a competitive and thus effective market. best regards Daeblitz