July 20, 2023
Dear SEC,
I am writing to express my strong support for market fairness and transparency, and to voice my firm stance against corruption within the financial system. I believe that maintaining a level playing field and ensuring clear, accessible information are crucial components in fostering a healthy and trustworthy market environment.
Transparency is the cornerstone of a well-functioning financial market. It not only empowers investors and market participants but also serves as a deterrent to unethical practices and fraudulent activities. As a concerned citizen and investor, I firmly believe that regulations must be designed to enhance transparency, protect investors' interests, and foster market integrity.
However, I must express my profound disappointment in the recent actions of CFTC head Rostin Behnam. It appears that he is pushing for measures that would make Swaps even less transparent, which runs contrary to the ideals of market fairness and openness. Such steps raise serious concerns about the potential for abuse and favoritism within the financial sector.
To truly safeguard the interests of all stakeholders, it is essential that regulatory bodies like the SEC and CFTC work together to create a robust and transparent framework that promotes fairness, reduces information asymmetry, and upholds the highest standards of ethical conduct. As a vigilant observer of financial markets, I implore you to consider the long-term consequences of any decision made regarding Proposal Rule S7-32-10.
In conclusion, I stand firmly in favor of measures that prioritize market fairness and transparency, and I unequivocally denounce any attempts to undermine these principles. I urge the SEC and other relevant authorities to carefully consider the public's interests and prioritize the integrity of our financial markets.
Thank you for considering my input on this critical matter.
Sincerely,
Aron M. Tstensen
Business owner