Mar. 4, 2023
March 4, 2023 I find it so ironic that there are so many CEOs, general counsels, deputy general counsels, of financial firms filing multi page comments about how this proposed rule will harm retail investors, whilst retail investors ourselves are supportive of this rule, which will bring more fairness to the market. It's unfortunate that so many billions of profit are being made by companies who do absolutely nothing more than work out how to game the system, investing billions in technology to enable themselves to do so. Those same companies are submitting comments here requesting data, extensions to comment periods, public consultations, pilot schemes etc. I, as a retail investor, on the other hand request none of that, I request that you do not provide any additional data to companies requesting it in these comments, I request that you do not extend the comment period, I request that you do not provide any pilot schemes, I request that you do not allow companies -who's entire mission is to game the system- have any involvement in writing this rule, and I request that you implement this rule with haste. At this very moment, every single one of those aforementioned companies will be working out strategies to game the proposed rule. I request that you do not give them the opportunity, and you do not allow them to delay or tweak the rule. In fact, I request that any regulated financial firm who comments on this rule, and who seek to delay this rule, for any reason, be required to disclose their stake in the game - what has their own impact analysis of this rule determined they stand to make or lose. How much do they stand to profit or lose if this rule is implemented. My disclosure, as a retail investor: Financially speaking, I stand to lose absolutely nothing if these rules are implemented. I will gain greater confidence in fairness of the market if this rule is implemented.