Subject: S7-01-23: WebForm Comments from Charles Jacobs
From: Charles Jacobs
Affiliation: Individual Investor

Mar. 18, 2023

March 18, 2023

 As an individual investor I strongly agree with this proposal.  Placing a time frame for ABS \"should\" hinder high risk plays and protect investors.

Removing section Section 27B(b)which allows for MM exemptions is highly needed.  MM's are allowed, for the sake of liquidity\" to conduct business that would be otherwise illegal but remains normal business practice w/o ramifications if it were to remain in place.

The one year time frame a start, but as we have seen with recent swaps being severely over leveraged, i.e Archegos, the impact is long last and can have severe determent to the banking industry and a catalyst that erodes market trust.

Thank you for your time

We ride at dawn