July 26, 2023
Dear Ms. Countryman,
I appreciate the opportunity to submit comments on S7-32-10
Reopening of Comment Period for Position Reporting of Large Security-Based Swap Positions.
I fully support Rule 10B-1 as proposed in the above mentioned rulemaking proposal.
In general, a greater degree of transparency in the market increases fairness and opportunities for all market participants and has the potential to slightly rebalance the existing information asymmetry between household investors and institutional investors.
The specific quantitative threshold for when public reporting according to new Rule 10B-1 is required should be as low as possible in order to achieve maximum market transparency, market access, fairness, and equal opportunities for all investors.
We are here, we are educated, we are prepared to hold for 84 more years, and we definitely are not leaving.
Sincerely,
Jordan Pennypacker Jr.