Aug. 21, 2023
Subject: Support for Proposal on Greater Transparency of Swaps Dear Sir/Madam, I trust this correspondence finds you well. I would like to express my endorsement of the proposal aimed at enhancing transparency within the realm of swaps. The aspect of transparency holds significant importance in upholding the integrity of a fair and open market that caters to all stakeholders. It is with earnest consideration that I encourage the Securities and Exchange Commission (SEC) to acknowledge the necessity of transparency in the trading of financial instruments. The argument or rationale positing that the provision of transparency for various financial instruments is encumbered by excessive costs or time constraints should not be deemed acceptable. Succumbing to such a viewpoint could potentially cultivate an environment conducive to the development of intricate and convoluted financial instruments. The absence of transparent, recurrent, and diligently enforced reporting mechanisms for swaps inadvertently perpetuates an uneven market landscape that disproportionately favors sizeable market participants to the detriment of individual household investors. As such, it is imperative that the SEC refrains from endorsing such inertia, which could inadvertently propagate this evident void within the financial market. With the utmost respect and sincerity, I beseech the SEC to conscientiously address and rectify this glaring incongruity in accordance with its regulatory purview. Sincerely, Kelly Yocum