Feb. 23, 2023
February 23, 2023 As a concerned citizen and investor, I strongly support the proposed rule by the US Securities and Exchange Commission (SEC) to enhance the transparency of securities-based swaps transactions. This rule is an important step towards improving the accuracy, transparency, and risk management of securities-based swaps transactions, which can ultimately benefit all market participants and stakeholders. Improving the accuracy and transparency of data on securities-based swaps transactions can contribute to the stability and integrity of the financial system. It can help prevent errors, intentional misreporting of data, and market manipulation that can harm investors and undermine confidence in the financial system. The proposed rule can also help regulators more effectively monitor potential risks and take appropriate actions to prevent market abuses. Moreover, the rule can help protect investors from potential losses resulting from market disruptions or other systemic risks. By enhancing the accuracy and transparency of data, investors can make more informed decisions about their investments and regulators can take actions to prevent market abuses that can harm investors. In summary, the proposed rule is an important measure towards promoting the stability, integrity, and transparency of the financial system. I urge the SEC to enact this rule in order to protect investors and promote a fair and efficient securities-based swaps market.