Subject: S7-01-23: WebForm Comments from Joseph Kwan
From: Joseph Kwan
Affiliation:

Mar. 18, 2023

March 18, 2023

 Transparency and accountability to the public are crucial to the continued financial stability of the market. If common retail investors lose faith then market profits will suffer. By granting exceptions this ultimately defeats the purpose of the legislation. For example, when the rules of the 2010 Dodd-frank were weakened in 2018 by Trump this directly resulted in riskier practice ultimately leading to the failure of SVB. Which as a whole negatively affected the Industry. Please do not allow exceptions. The public demands this.