Aug. 20, 2023
Dear SEC Members, I write to you today both as a concerned investor and as someone who believes in the potential of our financial markets. Over the years, many retail investors like myself have grown increasingly uneasy about some practices in the market. Proposal S7-32-10 presents an opportunity to address some of these concerns. 1. **Protecting the Investor**: The proposal to have brokers set aside funds on a daily basis is a step in the right direction. While I understand past protocols allowed for weekly allotments, a more frequent safeguard better serves the interests of individual investors. 2. **Adjusting to the Pace**: In today's fast-moving markets, daily checks are not just a convenience, they're a necessity. It's reassuring to see the Commission consider adaptations that reflect the realities of modern trading. 3. **Uniformity is Essential**: I commend the Commission for contemplating consistent rules for all financial entities. Ensuring everyone plays by the same set of rules is foundational to a fair market. While these changes might mean more operational adjustments for brokers, I believe it's a necessary evolution. Given today's technological capabilities, the transition should be feasible. I respect the challenging role the SEC plays in balancing the interests of all stakeholders. However, I genuinely hope you recognize the gravity of these concerns from the retail investor community. Implementing this proposal would not only be a nod to our concerns but also a stride towards a more transparent and trustworthy market. With all due respect and hope for positive change, James - A concerned household investor