Jul. 29, 2023
7/29/23 Securities and Exchange Commission 100 F Street NE Washington, D.C. 20549 Dear Mc. Countryman, I am writing to express my fervent support for Rule S7-32-10, a crucial regulation that aims to promote transparency and integrity in our financial industry. However, I must also express my disappointment with the elected officials and financial institutions who oppose this legislation, as their stance clearly overlooks the urgent need for safeguarding our financial systems from them and those that oppose this and these types of regulation. The proposed rule emphasizes the importance of accurate swaps reporting. Transparent and reliable reporting is essential for effective oversight, risk management, and ensuring fair market practices. It is disheartening that these elected officials and financial institutions fight against the dissemination of accurate reporting as it is ever increasingly difficult to obtain accurate and reliable reporting date. The SEC's commitment to adapting regulations to our evolving digital landscape is commendable. Rule S7-32-10 is a reflection of this proactive approach to maintain market integrity and stability. In conclusion, I implore the SEC to advance Rule S7-32-10 and fulfill their mandate to protect household investors and ensure market integrity for all. While disappointed with the opposition from certain elected officials, I trust in the SEC's commitment to prioritizing the best interests of the retail investor and creating a robust financial system. Thank you for your consideration of these significant matters. Regards, Jim Ferguson Concerned Household Investor