Subject: Re: Prohibition Against Conflicts of Interest in Certain Securitizations File No. S7-01-23
From: Samuel Progin
Affiliation:

Mar. 15, 2023

Dear Madam, Dear Sir,

As an household investor, I believe that a fair market for every
participant is beneficial to the investors, the financial industry and
the overall US and worldwide economy.

The recently proposed rule exemptions related to risk-mitigating hedging
activities, bona fide market making & certain liquidity commitments will
allow loopholes to be exploited by actors, so that they could
dissimulate information and benefit from uneven information level.
Household investor will suffer from it, especially since many of these
actors have already engaged, in the past, in unfair activities leading
to fines.

Thank you for you support.

--
Samuel Progin

Switzerland