Oct. 31, 2022
October 31, 2022 To whom it may concern, Being a retail investor from the international community, public disclosure of all swap positions is crucial to a fair, transparent and free market. We've seen the damage that unregulated loopholes have on not only crucial financial institutions, but the entire economy as a whole. A fine example of this would be the \"Archegos\" fiasco, where regulatory loopholes allowed a firm to amount a substantial position outside of what was legally within its right (and reason for that matter) to do. As an international investor in the US markets, rules such as S7-32-10 help build a better foundational trust in a system that not only thrives on such trust, but actually survives alone on it. There must be an extremely broad definition of what a security based swap is, due to the habitual nature of those that commit and continue to commit securities fraud constantly changing minute details of their transactions to slide through loopholes. A (relatively) free market relies on fair regulation so t hat we as a community don't fall into ruin. I beg you to make the rules more fair for the little guy in the game who simply wants a chance at retirement. I, and many others are the little guy, and without rules like S7-32-10, we have absolutely no chance against rampant fraud and manipulation. I'd thank the SEC for creating this proposal, as it improves the trust of the general public, which is the foundation of the economy. Many thanks, Anders