Subject: File no. S7-31-22; release no 34-96495: Order competition rule
From: R. L.
Affiliation:

Mar. 31, 2023



-A broker should not be the first to receive orders. It should go to a public auction allowing a true price discovery of a stocks value. The technology is there and should be used

-payment for order flow (PFOF)is clearly a conflict of interest and why it’s still allowed in the US blows my mind

-PFOF firms such as robinhood have a clear interest in not helping the home traders and operate on false pretenses of helping any at home investor.

-I regularly get better prices for stocks when utilizing a NONE PFOF firm suggesting a violation of FINRA’s best execution guidance.

-enforcement of SEC rules needs to be improved and fines significantly increased.

Sent from my iPhone