Subject: Comment for File No. SR-IEX-2025-02
From: Andres Guerra Gonzalez
Affiliation:

Jul. 18, 2025

I am an individual investor. Brokers that use payment for order flow and Wholesalers do not represent my interests. 


It's really common sense, our order flow is the product that they sell. We are not their customers, we're their product. 


Again, they DO NOT represent my interests.