February 7, 2022
As a retail investor I rely heavily on the SEC and similar regulatory bodies to ensure a fair and open market. However it is becoming increasingly obvious that we need a transparent market as well.
Security-based swaps and similar derivatives are a risk to the market in general and as such should be under the strictest scrutiny. As we have seen before, Wall street cannot be trusted to regulate itself.
The proposed rules are a good step, however significant penalties, including incarceration need to be levied against individuals and corporations to violate these rules. Especially repeat offenders.