Aug. 21, 2023
I support the SEC's proposed rules regarding "Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps."; In recent times, the stock market has shown signs of manipulation, with certain entities seemingly operating above the rules, facing mere fines for significant transgressions like failure to deliver a security. Such leniency not only undermines the integrity of the financial markets but also erodes public trust in our institutions. The citizens of the United States are increasingly losing faith in the government, and this can only persist for so long. The enforcement of rules needs to be stringent enough that violations aren't merely brushed off as "the cost of doing business." The essence of the United States is at stake, and it's crucial that we address the unchecked greed that threatens the very fabric of our nation. I urge the SEC to adopt these rules and take a firmer stance on enforcement to restore faith in our financial system and, by extension, our government. Finally complete market transparency is beneficial for every market participant, ensuring a level playing field and fostering an environment of trust and confidence in the system.