Jun. 21, 2023
Thank you for the opportunity to comment. As a retail investor, I fully support this. Every swap position needs to be reported immediately. This is not just an issue of transparency, it is accountability. Swap reporting has been continually swept under the rug, and history has shown that it is regularly used to evade obligations and reporting requirements. Not only should reporting requirements be more strict, but the punishment for failing to do so needs to be drastically increased otherwise there are no deterrents for abuse. Markets are supposed to be free and fair for the people, not institutions. This proposal is a small step in the right direction, but there is still an unfathomably long way to go. Thank you, -American Citizen