July 25, 2023
I am writing to express my support for the proposal to require public reporting of large security-based swap positions. I believe this is a necessary step to increase transparency and accountability in the financial markets, and to protect investors from potential fraud and manipulation.
I also suggest that the SEC lower the reporting threshold to $100 million / $200 million gross, and apply the rule globally to prevent evasion through offshore entities or jurisdictions.
The public has a right to know who is holding large swap positions and how they affect the market. By making this information available, the SEC will enhance market integrity and stability, and foster investor confidence and trust.
Thank you for your consideration.