Subject: Rule Comments for proposed rule filing S7-32-10
From: Ben Passlow
Affiliation:

Jul. 20, 2023

Dear Regulators, 


I am an international, household investor. I have already commented on this rule some ~7 months ago, and again approximately ~2 months ago. 


I have been informed that the SEC has been deleting comments for this proposed rule, voiding the United States' first amendment guarantee to freedom of speech and expression. Therefore, I must ensure the sanctity of my speech to power, and comment on this rule yet again. 


The sheer arrogance of a captured regulatory body to censor the speech of the people it is congressional mandated to protect... it beggars belief. Fresh off of being investigated by the Inspector General for this exact issue... and you do it again. 


How much are the hedge funds and institutions paying you? How much dirt have they dug up, skeletons drawn from your closets, to force you to be so complicit in their fraud and blatantly treasonous activity? 


Do you, the reader of this email, even understand the damage that is being done to the United States right now? You're complicit in destroying the country. You're complicit and dismantling the systems and power structures which built the foundations of the greatest, wealthiest, freest and fairest country in the history of humanity... all so corporations like Credit Suisse can avoid being bankrupted by their own crime. All so C-Suite executives and billionaires can avoid jail time for actively participating in destroying the wealth and sovereignty of entire generations of not just Americans, but the world at large. 


And here I am, once again, sending a damned email to the SEC, begging for derivatives and swaps to actually be acknowledged as an issue that's isn't just threatening to, but is ACTIVELY, undermining the world economy. And you're deleting comments on that issue, because you know it too. You're just complicit in allowing it to happen. 


And we wonder why people are turning to believe forsaken ideologies like communism might be superior to what we have... this... corrupt, fetid corpse of corruption. This corporatist plutocracy, bought and paid for with the souls of our forebears. 


Tragic. 


Below is my original comment in support of implementing the rule, forcing funds and institutions to actually REPORT SOMETHING FOR ONCE. 


Do the right thing, for once. 


Regards, 


A disappointed investor. 










In that comment, I outlined the serious nature of what I believed to be a serious issue within the markets. I still believe those issues around swaps, fraud and the total opacity of the US markets are unbearably large problems. 


The erosion of trust within the markets, faith in the US banking system (see: regional bank implosions), the declining value of the USD in international trade, the outright abandonment by some nations of the USD (in favour of BRICS or sovereign currencies), and the growing negative sentiment of the broken fiat fractional reserve system, are all symptoms of corruption seeping out of the isolated containment once built around the banking cartel and equity organisations such as family offices, private equity firms and hedge funds. 


I believe the SEC is acting in good faith to work to repair these issues as fast as they can, to preserve the integrity of the US financial system, the standing of the US State in the world view, and to protect investors across the planet. 


I still support this proposed rule, but would also like to congratulate and thank the SEC for a job well done. 


Job's not finished, it never is, but this is a good start. 


Regards, 


A humble, small investor.