December 15, 2021
It boggles my mind that fraud, manipulation, and deception in connection with swaps is not already illegal, especially considering what happened to the global economy in 2008. The finance industry is the most openly corrupt sector of the American economy, and stronger regulations are desperately needed to curb fraud and manipulation by industry players. The industry's self-regulatory scheme is insufficient. As an individual investor, I strongly support actions by the SEC to curb such practices, and to that end, I believe this proposal is necessary.