Aug. 13, 2023
To Whom it May Concern, I strongly support any new rules and regulations to prohibit all ISDA and SIFMA members from non disclosure of their security based swap deals, and any further relief from reporting such swap deals for these members. We know these members engage in swap deals to get their bad deals off their books, to meet collateral requirements come reporting time, and hide the money trail . There is only one reason why ISDA and SIFMA members would want to prevent any oversight into their activities, and that is massive fraud and manipulation would be revealed as a consequence. The CFTC proposed new reporting requirements for the above industry members in 2021, and it was vehemently opposed by ISDA and SIFMA members, resulting in the CFTC caving in to their demands, and all members then being given temporary relief from reporting any activities Firstly until September 2023, then extended until September 2025, it is simply best explained in an analogy, the fox never wants anyone to count how many chickens are remaining in the coup, as it may risk exposing his dastardly activity How many millions of dollars to CFTC spend in developing those new rules, only to have all those taxpayers dollars wasted after immense pressure from a corrupt self serving financial industry. It is interesting to note that former CFTC Commissioner, Heath Tarbet, left his role to become the Chief Legal Officer of notorious hedge fund and market maker, Citadel, in 2021, say no more ! In summary the title of this rule comment reveals that it is known manipulation, fraud and deception are ever present in today's computer controlled markets, and it is time for every financial entity involved in fraudulent swap deals to be held to account. Sincerely Brenton Carling -- 14th August 2023