Aug. 20, 2023
I still support this proposal, even though others have raised concerns about its potential to cause liquidity and operational problems for large companies like MFAs and hedge funds. The SEC must ensure that all financial instruments are transparent in order to maintain a free and fair market for all participants. If the SEC does not require transparency because it is too costly or time-consuming, it will incentivize the creation of more complex financial instruments that are even more difficult to understand and regulate.