Subject: Comment for File No. SR-IEX-2025-02
From: Chester O'Malley
Affiliation:

Jul. 20, 2025

Hi, 


I am an individual investor. PFOF Brokers and Wholesalers do not represent my interests, contrary to what Citadel, Schwab, and IMC have recently claimed. If any financial institution actually does represent the interests of retail investors, it's IEX who has historically fought to level the playing field between retail investors and financial institutions. I would like to express support for IEX's proposed options exchange. 


-Chester