Oct. 29, 2022
October 29, 2022 Thank you for the opportunity to comment on this proposal again. I would like to state that I am against any and all swaps. You traded something, debt and all, now you pay for it. However, were there to be anything equivalent to swaps, full transparency should be mandatory and the data audited thoroughly by regulators and the public (investors). There needs to be a low threshold $50 million to $150 million. Providing consistent data and this lower threshold will make it easier for the public and regulators to monitor large swaps positions and fraud that could be a threat to financial and national stability. In regard to national stability, this rule should also be applied internationally. Excessive risk via swaps in many different securities could de-stabilize global economies. Total swap positions, debt and all, globally should be available data. I agree with the definition of security-based swaps. I support and strongly encourage stronger rules on daily reporting. Please go forward with this rule quickly and efficiently.