Oct. 31, 2022
October 31, 2022 Transparency and data about swap positions needs to be reported daily. I am in support of this proposal. Many hedge funds and other organizations with large financial backing try to evade swap reporting to enrich themselves. It is very important the public have access to this data to make their own informed decisions with their investments. Excessively large swaps are a threat to financial and national stability. We cannot let the economy be greatly affected by large bets from such a small group of investors. I would like to see more rules like this in the future. The threshold should be lowered for reporting swaps and this rule should be applied internationally. Too many loopholes exist for market participants to find ways of avoiding reporting. Please make this rule strong worded and defined widely enough to minimize evasion.