Subject: S7-11-22: WebForm Comments from Anura Perera
From: Anura Perera
Affiliation: Retired Network Engineer

May. 19, 2022

 


 May 19, 2022

 As I understand
- Per Dodd-Frank requirement, \"removal of reference to rating agency guidance for investments\" has not been fully removed from regulations yet.
- SEC has been negligent by not taking action to fully comply with the Dodd-Frank law
- As a person who suffered losses from the Great Recession of 2007 - caused in major part by fraudulent rating agency guidance - I am very interested in removing corrupt rating agencies playing any part in publics' investments
- Further, these rating agencies continue to engage in corrupt practices - as an example: TSLA being a $trillion company with better financials than any other blue chip company - is still maintained at JUNK status by moody and SP.
- SEC continuing to turning a blind eye to injustices lends itself to negligence and corruption as well.
- I hope SEC will no longer bring exceptions to perpetuate corrupt rating agencies and fully comply with Dodd-Frank