Aug. 21, 2023
This isn`t going to be a long or complex response: I support the proposal for greater transparency on swaps. Transparency is crucial to the maintenance of a free and fair market for all participants. If the SEC accepts the argumend/excuse that providing transparency on ANY financial instruments is too coslty, or takes too long, then that inaction incentivizes the creation of more complex financial instruments. Swaps without reporting that is transparent, frequent and enforced, foster an asymmetrical market that further benefits large participants over (and at the expense of) household investors. The SEC cannot responsibly allow this gaping hole in the financial market to continue to exist under its mandate. Thank you for your time and consideration.