Subject: File No. S7-32-10
From: ChurchMouse Consulting
Affiliation: Sole Employee

December 16, 2021

The current functionality of the security based swaps enables market participants to deceive and obfuscate true exposure positions in normal stocks and options. This creates false confidence profiles of a market participants chances of default in addition to falsely and criminally impacting the lit market daily trading prices of volatile securities. Hiding short positions in swaps and then shorting a stock into oblivion in the meantime serves no purpose other than to ensure that market participants fall harder when they eventually do.