Subject: S7-01-23 Prohibition Against Conflicts of Interest in Certain Securitizations
From: Henning Klimaczewski
Affiliation:

Mar. 15, 2023

Dear Madam or Sir, 




I thank you for the opportunity to be heard by an institution like yourself. Please allow me to lay out my points of interest and concern in the following paragraphs. 


I fully support the proposal, although with one major discrepancy: 
All the listed exceptions shall not be part of this prohibition, as they are not helping any true price discovery in open markets at all. 
Do NOT allow any exceptions! They only help big companies, market makers and hedge funds, the typical household investor will be left behind. 




Thank you and have a great day, 
sincerely, 


HK 
Household Investor