Jul. 19, 2023
Dear Chair Gensler. I am writing again to express my strong support for the proposals outlined in S7-32-10. I have commented once already but I simply must respond in light of the recent comments by members of Congress. More transparency in the markets is desperately needed for its stability and efficiency. As a household investor my confidence in the markets is at an all time low. I do not believe they are fair or that all participants are held the same standards of regulation and enforcement. I actively seek other investment vectors as a result. This proposal would go some way to restoring my confidence in the markets it's a sentiment I've heard echoed among other houshold investors. I won't re-tread the explanation of how the proposal works. You know, you wrote it. I will say that I especially like the following; Clearer position limit framework. Expanded whistle-blower protections. Increased reporting requirements. Enhanced risk management and monitoring. Strengthened enforcement mechanisms. All of it. I like all of it. I am extremely distressed by the recent comments made by members of Congress. Https://www.sec.gov/comments/s7-32-10/s73210-225599-472842.pdf Their claim that finanial reporting from financial firms will be potentially misleading is very strange. I don't know how they think the information released to the public will misleading unless they're expecting financial firms to lie, which is either a scathing indictment of financial firms or a fantastic argument FOR this proposal. Maybe it's both of those. I hope the SEC adopts this proposal. Thank you for reading. Andrew Household Investor