December 15, 2021
This is common sense legislation and should be a no-brainer for the SEC.
The re-proposed rule will effectively limit the degree of risk companies can take using security-based swaps. I definitely support this rule.
The new rules being proposed regarding reporting of large security-based swap positions should ALREADY have been a thing. Did we learn nothing from '06-08? Why is the SEC allowing companies to take on such massive, illiquid, volatile risk positions with no oversight?
We need more accountability and transparency in the market in order to protect investors, and these rules will be an excellent start.
Rules like these are the only way the SEC can gain back public confidence (rather than being seen as impotent or complicit). I support them.