December 17, 2021
Good morning commissioners,
The proposed rule change could only serve to benefit retail investors and provide clarity to an incredibly opaque part of the market. This change should be implemented as soon as possible.
Financial institutions have been using swap to mask their short positions for years. The price action that ensues from the swaps is a mystery to retail and forces us to operate at a severe information disadvantage fair and free markets are incompatible with incomplete and opaque reporting practices.
Thank you for your time.