Jun. 27, 2023
Hi there, I am a nurse in Nashville invested into the financial markets by direct registration and brokerages. I feel compelled to remind the SEC that proposals for rules regarding transparency are always welcomed. As I have found studying the financial instruments used by countries and central banks, I have been finding out about derivative exposures that are gigantic compared to the underlying assets which they represent. I know there are more details needed by regulatory agencies in order to enforce protections for household investors such as myself. Beneficiary ownership is already specious and a difficult to verify process with over-voting and proxies. Please, do not allow derivatives (risky bets on stock movements) to be used as collateral. This is one of many financial tools that lacks professional standards of respecting the honor of supply and demand. These tools are not smart, sophisticated, or advanced when it comes to protecting household investors and upholding a healthy economy. Do the right thing and make sure our children's future gets to meet a new market with integrity and transparent cognizance of the natural law of supply and demand. Thank you. I will continue to comment and remind you that you do matter and this market can be helped by you doing the right thing. Thank you again. Brandon Burns Registered Nurse Nashville, TN 615-574-1893