Oct. 31, 2022
October 31, 2022 I am writing in support of proposed rule 13f-2 (File No. S7-32-10), the public needs more transparency in regards to Security Based swaps. When we can't depend on market participants to act in good-faith we need the SEC to enact and enforce rules that make it fair. I would like to see the threshold of reporting be lowered to $100 million dollars, if this rule is actually expected to work we need to lower the limit so it is harder to evade reporting. Large swaps are a threat to our nation's financial stability. There is no valid reason why current swaps are reported on once a month, and can be delayed up to 6 weeks. The data on swaps should be reported on the same day they are executed. Thank you to the Commission for allowing public comments on this issue, I hope we can finally get transparency and honesty in the market.