July 25, 2023
The proposed rule, which aims to prohibit fraud, manipulation, or deception in connection with security-based swaps, as well as preventing undue influence over Chief Compliance Officers, and implementing position reporting of large security-based swap positions, is a crucial step in safeguarding the financial markets and protecting investors. By enforcing these regulations, it promotes transparency, accountability, and integrity in the financial industry, ultimately contributing to a more stable and trustworthy financial system.