Subject: Re: Notice of Proposed Rulemaking on the Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps; Prohibition Against Undue Influence over Chief Compliance Officers; Position Reporting of Large Security-Based Swap ...
From: Matthew Kennedy
Affiliation:

Oct. 31, 2022

 


To Whomever Reads These Comments, 


I am massively disappointed that the effort I've placed in commenting on rules has been lost and I am having to comment once again. 


The comment system, as well as the entire regulatory system, feels purposefully broke. When I observe the actions of the financial organizations that are supposedly represting retail interests, I see a collusion. Swaps should not be so easily manipulated for criminal gain, and the inability to rectify FTDs (failure to deliver materials) allows this system to perpetuate.