Nov. 3, 2026
Re: File No. S7-2026-29; Docket SEC-2026-5459; RIN 3235-AN82; FR Doc. 2026-17939 (91 FR 56387 et seq., Sep. 2, 2026) Exemption of Debt Obligations Issued by the European Union Under the Securities Exchange Act of 1934 for Purposes of Trading Futures Contracts on Those Securities To the Securities and Exchange Commission: I am a private citizen. I support the proposal with conditions. The Commission proposes to designate EU-issued debt obligations as "exempted securities" solely so futures on those securities can be marketed and traded in the United States or to U.S. persons under the Commodity Exchange Act framework, as Rule 3a12-8 already does for debt of certain foreign governments. Broader hedging tools for U.S. persons can deepen markets-if American exchanges and customers get a fair, transparent deal. I offer these asks. America First Markets 1. Adopt the designation only for the narrow futures-trading purpose described, not as a broader securities exemption. 2. Confirm in the adopting release that U.S. persons gain practical access on U.S.-registered exchanges or clear U.S. channels, and that the change does not disadvantage futures on U.S. Treasury securities. 3. Require clear public disclosure of which EU debt instruments qualify and which futures products rely on the exemption, updated when the list changes. Accountability 4. Within two years of adoption, publish a short staff report on U.S. trading volume, concentration, and any operational incidents tied to these products, so the Commission can revisit the exemption on evidence. 5. Keep anti-fraud and manipulation authority fully intact; an exempted-security label for futures purposes is not a free pass. Thank you for the chance to comment. Respectfully, Alec Snelling California This comment was crafted with super intelligence (SI) support.