Apr. 17, 2023
Hi there, I am a nurse in Nashville invested into the financial markets by direct registration and brokerages. I feel compelled to remind the SEC that proposals for rules regarding transparency are always welcomed. As I have found studying the financial instruments used by countries and central banks, I have been finding out about derivative exposures that are gigantic compared to the underlying assets which they represent. I know there are more details needed by regulatory agencies in order to enforce protections for household investors such as myself. I know rehypothecation allows for assets to be collateralized more than once for crediting loans and borrowing against. This creates an inflated supply and demand unsustainable to the economy. This breaks the rules of supply and demand and is unacceptable. May I remind you of the two years in our nation's history when we were debt-free? There was a housing bubble in the 1830s based upon a similar over-valuation from banks versus what specie was actually available in hard money to purchase said houses. Regardless, I demand that you please continue to amend these rules that allow hidden transactions or any manipulation of valuations using a limited supply of information. Force financial bodies to provide information on all derivative transactions, swaplines, and other clandestine instruments. These tools are not smart, sophisticated, or advanced when it comes to protecting household investors and upholding a healthy economy. Do the right thing and make sure our children's future gets to meet a new market with integrity and transparent cognizance of the natural law of supply and demand. Thank you. I will continue to comment and remind you that you do matter and this market can be helped by you doing the right thing. Thank you again. Brandon Burns Registered Nurse Nashville, TN