Aug. 20, 2023
I fully endorse the proposal for enhanced transparency in swaps. Transparency is a critical factor in upholding a fair and open market environment for all players. If the SEC were to accept the notion that the cost or time involved in providing transparency for ANY financial instruments is a valid reason for inaction, it would inadvertently encourage the development of more intricate financial products. The absence of transparent and consistently reported swaps contributes to an imbalanced market that favors larger participants, disadvantaging household investors. The SEC must responsibly address this significant gap in the financial market that falls under its jurisdiction. Kind regards Evan