February 7, 2022
I am glad to see the SEC acting upon the dark corners of our market structure. Swaps have been a vehicle for questionable market practices since their inception, and I believe in the recent years it has only gotten worse.
They are very limited in their regulation which can allow players in the market to enter into highly questionable and seriously dangerous contracts that can wreck havoc on the marketplace.
I am proud to see the SEC addressing this and specifically taking action on ensuring these Swaps are not used to coerce the price of any given securities.
Transparency is key to keeping our markets safe, secure, and free. This is one step towards ensuring the USA remains at the global forefront of financial markets.