February 7, 2022
As a retail person investor, I am in favour of addition rules aimed to improve alignment between retail interests and that of the broader stock market, the options market and swaps markets. Specifically, I wanted to share with you my concern that swaps have been intentionally used to manipulate the price or valuation of security-based swap, related to GME. This misalignment favours short hedge funds and large market participants giving unfair tactical advantages over other participants. However, I can share no proof of this manipulation because of the lack of transparency in the market today. My feedback to you is simple: for each rule change require reporting showing all participants compliance in real time. If you cant measure it, you cant manage it.