Aug. 20, 2023
Dear SEC, I am writing to support the proposed rule S7-14-22 relating to Security Based Swaps. The CFTC not requiring SWAPS to be reported or accurately addressed is a threat to the United States financial markets. SWAPS allow massive forces to kick the can down the road in the name of “unlimited risk.” There is serious inherent risk in NOT requiring Swaps to be reported, and this lack of transparency can literally bring down our entire financial system based on what is hidden in these swaps. As an investor, I demand more transparency in security-based swaps to shed light on what is actually going on, and who is responsible for the highly risky investments in a large number of these swaps. A lack of transparency in this area encourages fraud, manipulation, and CRIME in our securities markets. If there isn’t crime hidden in those SWAPS, why had the CFTC hidden this since 2013, and further delaying any reporting of said swaps? It’s not to help/protect American investors, and that’s the SEC's job to do. Please do more to expose these swaps, increase transparency, and make public the firms engaging in these risky behaviors that harm retail investors and the market at large. Thank you for your consideration, Nathan Barron, Concerned Investor