Feb. 08, 2022
I am a retail investor in favor of this rule but currently I am skeptical of the new security based swaps rule and future/past rules being enforced. The security based swap market makes up an enormous amount of monetary transactions within America and the consequences of this market can be felt even in my country, Australia, as evidenced by the role credit default swaps played in the 2008 global financial crisis. Ensuring this is a properly regulated system is of utmost importance. This can only be achieved by maintaining independence of a chief compliance officer. It should be illegal for individuals to manipulate this market. Positions in security-based swaps need to be disclosed as transparency is invaluable for individuals to make informed investment decisions. Without transparency, the market will continue to be unequal, favoring those who have access to information that others do not have. These proposed rules are a step in the right direction. Based on my experiences and observations, retail traders are fed up with the criminal activities purported in the market. We wish to see financial crimes punished and those responsible reprimanded severely. S Poser Australia Get Outlook for Android