July 19, 2023
Dear Securities and Exchange Commission,
I am commenting in support of Proposed Rule S7-32-10, which emphasizes the importance of security-based swap reporting as well as other anti-fraud and corruption efforts.
Specifically, the proposed rule enhances the regulatory framework by mandating comprehensive and timely swap reporting. This will provide regulators with valuable insights into market activities, enabling them to identify and mitigate risks, detect abuses, lawfully maintain market stability, and thereby protect investors and the broader economy. Granted, much more can be done to further reduce these risks, but the proposed rule is a promising step in the right direction.
I urge the SEC to swiftly adopt, implement, and enforce S7-32-10. Swap reporting is vital for transparency, stability, and investor protection in our financial markets. It is extremely concerning for elected officials to be openly and actively opposed to suppressing market manipulation. However, both American and global investors trust that the Securities and Exchange Commission will prioritize investor interests and financial system integrity by enacting this rule.