Subject: S7-32-10 Large Security based swap reporting
From: T.J. McNelis
Affiliation:

Jul. 30, 2023

Good Morning, 


First time commenting on a rule so bear with me, 


As a household investor, I strongly oppose any rule that would limit visibility or obscure data on securities in our markets. Swap data and all derivatives in their raw form should be open for all to see. 


Hiding data with regulatory jargon or deferring the exposure of these positions years down the road harms our markets. 


We IMMEDIATE transparency regarding the SWAP market. 


Thank you