Aug. 10, 2023
Hello again it’s me Todd, I’m an individual investor and I support 32-10. I read the Managed Fund Association letter too, and it’s clear these rule changes won’t work in their favor which is good and entirely appropriate. The threshold should be $0 reporting no exceptions and the reporting should be publicly available. You guys oughta stop letting banks and market makers walk all over you, the law, and all the businesses effected like this. That MFA letter says they won’t be able to short securities so much anymore. That’s true but they’re shorting and distorting everything they can at 20x leverage while still collecting arbitrage, and 32-10 ends the easy money part of their businesses. Dictate some terms, Gary likes doing press have another press conference targeting this then investigate everyone that immediately stops using swaps. Your market makers are cheating using swap contracts and the banks are cheating by offering insane leverage, and it’s well known that there’s no free fair market here and you can’t trust the US markets or regulators very far at all. Regards, Todd S