Subject: File No. S7-32-10
From: Carley Matson

February 7, 2022

As a retail investor who invests in the US markets, I fully support this proposal. Fairness and transparency in the market is of utmost importance. The 99% are at an extreme disadvantage to the market makers and big banks, and everyone should have equal opportunity to make informed investment decisions.

The fines currently in place are simply a cost of doing business and are not the punitive, deterring forces that will enact real change.

The US stock market today appears to be more similar to a casino than a solid financial system. These proposed changes are necessary step to protect retail investors and reinstate confidence in the system that has been lost by years of not being allowed to play by the same rules as the big guys.

Thank you.