Subject: File No. S7-19-21
From: Chris Clark
Affiliation: Investor

February 7, 2022

Any proposed rule change regarding swaps needs to include penalties such as fines for mistakes made in reporting. The broker dealers intentionally abuse lenient guidelines under the guise of errors made in good faith. These mistakes are often intentional and amount to fraud in the way they are utilized. In the highly automated world of the 21st century there is no valid reason for reporting errors regarding swaps other than intentional, criminal, misrepresentation, used to obfuscate the illegal rehypothecation of shares. We have seen these swaps used to delay settlement of shares, thus robbing shareholders of value, and hampering the ability of entrepreneurs to seek investment capital in what was once the greatest equity market in the world. Until reporting laws become strict and forced settlement Of all fantom shares has been mandated we will continue to watch our markets and economy crumble under the weight of manipulation and fraud. You have known this problem has existed since at least the 90s and have allowed it to grow to the point that the entire global market is at risk. Please fix