Jul. 27, 2023
To whom it may concern: I wanted to voice my strong support for this proposal and its amendment regarding reporting. I think it is needed to remove the loophole of "when interacting with investors" as it is subjective at best. ANY data collected and used needs to be controlled. If AI is being used by institutions, the institution should fall under this regulation. We also need harsher penalties to prevent violations and foster compliance - I would love to see license revocation for bad actors. That being said, I do not agree with or support the use of PDA technology by institutions, as it creates an unfair competitive and manipulative advantage over the market and other market participants. Thus the commissions sole focus should be outlawing and eliminating its use in our markets as it is impossible with its application to ensure free and fair markets. I do not trust institutions to "accurately report" currently. We as of 7/27/23 STILL do not have access to SWAP data. The market is not currently fair or free and allowing PDA utilization astronomically skews the market playing field in favor of the institutions.