Mar. 31, 2023
Dear SEC The enforcement of SEC rules determines their effectiveness. Higher fines should serve as a significant deterrent instead of being a cost of doing business. Some broker-dealers should lose their licenses instead of receiving meaningless fines. Efforts to reduce market manipulation, inducements, and unfair information advantages are appreciated. Transparency and fair competition are crucial to protect investors and maintain fair and orderly markets. The current state of American markets is anti-competitive, and monopolies are prevalent. The proposed rule is an important step towards fair competition. Market fragmentation only benefits dominant players, and the proposed rule simplifies the market structure. Wholesalers have clear conflicts of interest and are lying about the quality of their services. They take billions from individuals and institutions and call it "superior performance." Removing them from the market would improve prices for both individuals and institutions. -A concerned household investor