Mar. 28, 2023
March 28, 2023 I support the steps proposal S7-01-23 takes toward limiting conflicted transactions however it should be more broadly applied and without exception. I am concerned that in the current form the proposal may be too narrow in scope allowing securitization participants to circumvent it, while also allowing for exceptions for \"bona fide market making activities\" and \"liquidity commitments\". Conflicted transactions not only harm household investors, they also hurt the industries they often short. Lack of significant deterrent has caused worsening risk and volatility as these leveraged positions grow. We need proposals that do not allow exceptions or narrow scope that would allow this activity to continue. I fully support proposals to fully end conflicted transactions. No (or very limited) exceptions and apply the proposal broadly against conflicted transactions. I believe that financial transparency and integrity is vital to a healthy functioning free market with true price discovery.