In general, I support the implementing of the SECs rule regarding Fraud, Manipulation and or Deception in connection with Security-Based swaps. I like it because it creates larger transparency in the financial markets which is crucial for the market participants and a free and open market. The proposal protects the market and I think that every market participant should habe the same sources of information which is supported by this rule. Furthermore it helps buyers and sellers to be more confident in decisions because they can rely on secure data. Overall, since reporting is one of the main factors of transparency, the proposal is definitely a good issue for financial markets. Kind regards David Erk