Subject: S7-01-23: WebForm Comments from Jerry Pang
From: Jerry Pang
Affiliation:

Mar. 24, 2023

March 24, 2023

 Dear SEC,

I do not support this rule. If you are trying to prevent conflicts of interests, then why are there exceptions? For example, you say, \"Consistent with Section 27B(c)(1), we are proposing that the
prohibition not apply when a securitization participant engages, subject to certain conditions, in
risk-mitigating hedging activities in connection with its securitization activities.\" Why does it not apply in risk-mitigating activities?\" Wouldn't this create loopholes for others to exploit?

Thank you for reading