Subject: Comment for File No. SR-IEX-2025-02
From: Richard Sotelo
Affiliation:

Jul. 19, 2025

I am an individual investor. PFOF Brokers and Wholesalers do not represent my interests. I know that to be true because every year these institutions have been fined and agreed to pay the fines without admitting any wrongdoing for breaking the regulations set for trade and reporting data. As for retail investors don't know what is the real time data like short interest because the don't report all of the shorting. The dark pool volume on stock market is used more on some stock than others up in the 80 percentile and seems to be no limit. They target these stocks and halt trading on certain stocks immediately and treats others differently and let them run into hundreds of percent on certain stocks. They treat different stocks the same and others are targeted by market makers. Even Ken Griffin said that market efficiency and pricing of stocks are controlled by market makers like Citadel and Virtue. The stock market is corrupt and everyone knows it. How can Citadel say that they looking out for investors is so stupid. How dare they say they do?