Subject: File No. S7-32-10
From: William Miller

February 7, 2022

Prohibitions against fraud, manipulation, or deception should be enacted in connection with security based swaps as described in this rule. As a first step against the excessive fraud, manipulation and deception in the US securities markets, this is small. But, a first step must be made somewhere. As a retail investor I care that institutions use these devices, and many more, to obscure data and manipulate outcomes. Please do not slow down. Go after fraud, manipulation and deception in connection with ALL institutional activity so that we may participate in an actual free and fair market.