February 7, 2022
As a retail investor, I applaud any attempt by the SEC to bring better transparency into the market and to create a more level playing field for everyone.
This ruling appears to make great progress in tightening up regulations on SBS, which are long overdue. My main concern is for any ambiguity or legal loophole to be closed for good so that security based swaps cannot be used to create any type of systemic risk to the financial markets.
I would like to again thank the SEC for taking these issues seriously and for seeking the public's comments on the matter.