Oct. 30, 2022
October 30, 2022 Any attempt to limit reporting requirements or hide information is not in the best interest of a free and open market. Opposing entities may claim that reporting and collecting all the data is unnecessary and logistically impractical, but they are the ones who likely have something to hide. Security-based swaps potentially constitute the majority of notional value traded among numerous securities, and any attempt to hide the data is deception and manipulation. Consciously not releasing significant data allows bad actors to continue to steal from not only the American public, but also the international community. If faith is lost in the United States marketplace, it is a national security risk and could have severe consequences for the Stock Market, the strength of the USD, and the livelihood of all the individuals that trust that the SEC will protect them from bad actors.