Subject: File No. s7-06-22
From: Ken Brinley

June 25, 2023

I am commenting on this rule to express disapproval. I do not believe holders of even cash covered derivatives should be granted beneficial ownership status.

I feel as that could and would become a tool for larger parties to further manipulate market favor by inflating or diluting traditional share vote tabulation.

As an individual Household Investor I would like to see tighter regulation and enforcement when it comes to the derivatives market. Thank you for your time.