Subject: File No. S7-32-10
From: D Knauf

February 7, 2022

I am a retail investor with about 15 years experience trading stocks, and another 5 years trading options.

Transparency in our markets is incredibly important and should be seen as an unshakable foundation for our future. I am in favor of the SEC moving forward with this rule, and others like it to eliminate deception and manipulation.

I am incredibly concerned that special privilege is granted to institutions, market makes, hedge funds, and pretty much anyone other than the average American investor. We need to have a fair and transparent market for all parties and not just the privileged.

Regards.