Jul. 11, 2025
I am an individual investor. PFOF Brokers and Wholesalers do not represent my interests. Subject: Public Comment on Proposed IEX Options Exchange Dear Securities and Exchange Commission, I am writing to express my support for IEX’s proposed options exchange and to voice concern over the recent comment letter submitted by IMC, Charles Schwab, and Citadel. While these firms claim to represent the interests of retail investors, I respectfully disagree. As an individual investor, I believe their objections serve their commercial priorities more than the broader public good. Transparency, fairness, and market innovation should be central to SEC decisions—not the consolidation of influence among dominant players. The proposed IEX exchange has the potential to foster competition, empower retail participants, and challenge entrenched practices such as payment for order flow (PFOF) that have historically raised concerns about conflicts of interest. I urge the Commission to weigh perspectives beyond those of institutional firms and give equal consideration to everyday investors who seek meaningful change. These firms do not speak for me. I speak for myself, and I support initiatives that promote market integrity, investor choice, and a level playing field. Thank you for considering this comment. Warm Wishes, Terrell Adamson