Mar. 24, 2023
Thank you for taking the time to review all comments submitted by concerned individual investors. I'd like to comment NO to the re-proposed exemptions and changes made to S7-01-23 that would allow certain entities to participate in conflict of interest in regards to securities transactions. No entity or person should be exempt from prohibition against conflict of interest when making decisions that affect retail investors or the market as a whole. These exceptions provide an out for the exact type of bad actors that this section is intending to stop since hedging, market making, and liquidity providers inherently run off of and make money from shady market actions constituting as conflicts of interest but disguised as legit economic/trading practice. In conclusion, I appreciate the SEC's efforts to address conflicts of interest in securitizations and urge the agency to continue to strengthen the regulatory framework surrounding these transactions. Sincerely, Daniel Abad