Aug. 21, 2023
To Whom It May Concern, I am writing to emphatically convey my support for SEC Proposal S7-32-10. This pivotal proposal, which pertains to the reporting of security-based swaps, hold the potential to usher in a new era of transparency, significantly mitigating systemic risk and fostering equity among all market participants, including retail investors. I wholeheartedly endorse the Cross-Border Proposed Rules, recognizing them as a vital step toward closing regulatory loopholes and enacting a more comprehensive legal framework aimed at preventing future financial crises. These measures, by enhancing transparency, have the potential to safeguard our financial system effectively. In the spirit of the Dodd-Frank Act, which sought to establish financial stability through improved derivative regulation by mandating increased transparency and oversight, these proposed rules are very much aligned. They serve to bolster retail investor protection, upholding the principles of fairness and accountability that underpin a healthy and resilient financial market. In conclusion, I urge support on SEC Proposal S7-32-10. These initiatives represent a crucial stride toward a more secure and equitable financial landscape, and I believe their adoption is paramount to the well-being of our financial markets and the investors who rely upon them. Sincerely, Edward Neill