Jul. 18, 2023
> Good morning, > I am infuriated by the letter sent from Congress opposing proposed changes in reporting requirements.? Liquidity inhibits price discovery. Hiding SWAP data is an outrage! Promoting liquidity means promoting market manipulation AKA fraudulent activity. It’s a market maker, taking a position (money) of a buyer or seller when there is no position(securities) to buy or sell. > Americans have a right to know where our money is going. > Most importantly, allowing the “securities-based swaps and securities loans is criminal. But, Americans have the right to know when their securities are being loaned. When and where their securities are being swapped. Where their securities are going and what they are being swapped for. Anything less is fraud. > > Please do the right thing this one-time and make SWAP Data transparent and keep the reporting in place. Promoting liquidity is the furthest thing from a free market. > > Thank you for your attention to this matter, > Concerned Citizen >