Oct. 29, 2022
October 29, 2022 I strongly welcome all proposals from the SEC that support transparency via public disclosure of data. We have already historically seen the catastrophic affect of reckless swaps in the fallout from Archegos Capital. Additionally in the story of Archegos Capital we see the risk of international swaps. I do hope the SEC recognizes that it is insufficient to regulate swaps ONLY in the domestic American market, rules must be implemented to limit reckless international swaps. I strongly encourage disclosure and reporting on entire swap portfolio, not just specific parts. I strongly agree with the SEC's proposed definition for security-based swaps. I look forward to seeing further rule proposals that invite transparency. The poison of corruption and fraud thrives out of sight, transparency is the antidote. I strongly encourage finalization of this rule as soon as possible.