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: Billy Bob
Affiliation:

Nov. 01, 2022

 



RE: File Number S7-32-10 


Good evening, 


It is time for swaps data to become transparent and reported in a timely (daily) manner.  If used nefariously, swaps can wreak havoc on unsuspecting parties!  I support enforcing this internationally, so that data cannot be hidden behind jurisdictional walls.  It is pleasing to see rules that hope to make positive changes in the market, but I fear that some attempts might be too late.  The SEC should act upon this rule in the swiftest manner possible. 



Be sure to make reporting requirements as "black and white" as possible and to define Security-Based Swap Position appropriately (include all security-based swaps based on the same underlying security or reference entity, regardless of whether they are debt (including CDS) or equity-based).  Leave no crevice for those nefarious actors to slip through! 


-A Concerned Investor