Subject: File No. S7-32-10
From: Association Des Investisseurs de Strasbourg
Affiliation: Jurist

February 7, 2022

Hello, here's what I and many other retail investors think about the rule.

I personally think it should be enforced and Market Makers/Participants should be more controlled.

95% of trades are not going to the lit markets.

There's been a lot of speculation about swaps playing a role in this mascarade.

I am a retail investor and I agree with this proposed rule.

It's hard to have faith in the market when I know I am being defrauded by institutional players.

It is NOT enough to simply legislate, we need punishments to match crimes.

if we are to see real reform in our markets and a return of confidence from investors, we need regulation, transparency, and meaningful enforcement/consequences for fraud and other financial crime.

sorry if my english is not perfect, i'm an investor from europe.

Kind regards,