Jul. 12, 2025
Dear SEC Officials,
I am an international individual investor ('household investor') currently with investments in the United States markets, and I am concerned with IMC, Charles Schwab and Citadel recently submitting a comment letter to the SEC opposing IEX’s newly proposed options exchange. These PFOF broker firms and Wholesalers claim that they represent retail investor's best interest, but I do not agree. These firms do not represent me or my interest in the slightest, and in a free market IEX should be able to proceed with their proposed options exchange. This will create additional avenues for both retail and institutional investors, and help foster competition that in the long-run is healthy for free and open markets. PFOF brokers and Wholesalers have proven that they often have massive conflict-of-interest with retail investors, and so I want you to take this into consideration when reviewing their comment letters. They do not represent retail investor's best interests, as their business models more often than not are at odds with retail investors.
Sincerely,
Kevin Norwegian retail investor