December 16, 2021
Good morning commission,
IMO increased transparency on security based swaps is a must. The lack of accurate reporting puts retail investors like myself at a fundamental and critical disadvantage compared to what could be considered a 'fair' market. How would a retail trader be able to discern legitimate price action caused by trading in the underlying from that created artificially via swaps if we can't even know whether swaps exist on any given security?
We are seeing the extremes of these derivatives play out before our eyes in certain securities, and it should be clear to all parties that without clear and transparent market structure, retail investors will never be able to invest in US based securities with confidence again
Thank you again for your time, and I look forward to seeing this resolved.