Subject: S7-32-10: WebForm Comments from Michael Kelly
From: Michael Kelly
Affiliation: Retail Stock Trader

Oct. 31, 2022


 October 31, 2022

 Thank you for looking into this very complex situation.  Although Swaps have their role in Fair and Efficient Markets - recent abuses by Banks Hedge Funds and Institutions show much more transparency is required to avoid market crashes as recently witnessed by Archegos Capital Management and Credit Suisse.  Thank you for your attention to this matter.