Aug. 11, 2023
Good afternoon, I am commenting on rule S7-32-10 today in support of the proposed rule. Swaps are an opaque instrument in the investing world that can cause major turmoil for the entire economy when things don't go as planned. For to long large institutions have been using swaps to hedge their risky bets with little to no disclosure required. I believe this gives large players an unfair advantage in our free and fair markets. If household investors and regulators do not know what is happening with these large swaps, how can we/you keep laws and regulations enforced.