Subject: File No. S7-32-10
From: Philip Carter

December 17, 2021

Dear SEC, I am writing today to voice my support for a more fair and transparent market. Clear, consistent reporting of Security based Swaps is consistent with an ideal fair and transparent market structure and I am strongly in favor of rule S7-32-10. Furthermore, I would like to take this opportunity to voice my support for furthering this transparency by removing the lower threshold to prevent any/all entities from utilizing shell corporations to divide their holdings to maintain multiple positions below the threshold level. Thank you for your time and for your work to keep our markets fair for all.