Subject: S7-32-10: Webform Comments from Kory Nellist
From: Kory Nellist
Affiliation: Household investor

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.