July 18, 2023
Chairman Gensler,
I support this regulation. Swaps reporting is necessary for fair market value determination and price discovery. If large institutions can hide swap positions on their balance sheets for eternity there will never be accurate price discovery. All positions no matter how risky should be reported on and should affect security price. Otherwise markets are just a big fraud meant to mask corporate greed and pillaging. I hope that this regulation gets passed and we start working towards fairer and more efficient markets.