Subject: File No. S7-20-21
From: JB
Affiliation: Retail Investor

February 21, 2022

As a retail investor, I am in favor of this proposed ruling and I truly hope it is implemented as soon as possible and enforced immediately.

I also would like to see strict penalties to those who participate in insider trading and harmful market fraud to include :

1. A minimum of 20 years in general population prison for first violation.

2. A minimum of 100% of profits made off those trades as a fine for first offenders.

3. All monies forfeited that were acquired from the insider trades.

I believe this will begin to deter the financial criminals and their family members from participating in illegal insider trading.