Aug. 3, 2023
Quite simply transparency is always good. And the more the better. If america truly wishes to present itself as a well regulated and functional capitalist system, we must realize that this proposal does not go "too-far enough" I keep seeing comments from organizations with a vested interest in murky financial dealings advocating for less transparency, but we all know that sunlight is the best disinfectant. We must assume that from time to time our regulatory bodies can become compromized, especially when they outsource regulation to private self regulatory corporations. In this case, public disclosure is important so that the public can press bad actors until they have no choice but to do the right thing. To that end, this is a good first step and I hope you please take this comment as pressure to go even further with more safeguards. Our financial markets, as I think we all know after the events of 2021, are a matter of national security, jobs, and teachers pension funds. If someone is going to make large and risky bets, the markets need to know so they can make informed financial decisions.