Subject: File No. S7-32-10
From: Paul Spletzer

February 7, 2022

I fully support these re-proposed and proposed rules. Intentional fraud and manipulation is just a white collar version of grand larceny. The essential part is that it needs to be enforced and enforced at the level of fines that it discourages intentional non-compliance. Incarceration should always be an option too. Stealing a loaf of bread can lead to jail time, why isn't stealing a billion dollars the same? There's no use in fining an entity $1MM if they make $1B from the infraction. Please do not delay in instituting this rule. In Gary we trust