Oct. 29, 2022
October 29, 2022 I fully support this rule as it's written intent is to \"prevent fraud, manipulation, and deception in connection with effecting transactions in, or inducing or attempting to induce the purchase or sale of, any security-based swap.\" I support full transparency with regards to the actions institutions and individuals taken in connection with these financial instruments. I believe individuals are responsible for decisions made that add risk not only to their interests but reach beyond that into the lives of those whom do not assume such risks. (Not only but) When those risks do not pay off and the downside is realized, we need to hold real people accountable for their decisions and/or actions. More transparency may allow regulators to step in before institutions are allowed to destroy the lives of unsuspecting citizens/bystanders. It is without question that more regulation is needed over financial institutions when the very livelihood of people is at their mercy. It may be too late for our current situation, but we must move forward with improved oversight. It is proven that the financial markets are the casino for the ultra rich individuals and institutions. I am aware that I am a counterparty to high risk transactions by financial institutions with no option to opt out. These institutions can default on their obligations and, as history has proven, the U.S. government along with the tax dollars from millions of citizens alike, will bail them out with little to no repercussions. When a fine from the SEC or any other regulator is factored into the cost of doing business, our regulators are failing us.