Subject: File No. S7-32-10
From: Evan Laferriere

February 8, 2022

I think these rules are well written, and would ensure a fair trustworthy marketplace. In particular, the transparency of swap positions is necessary to a fair marketplace. However, I worry that they will not be adequately enforced. Financial crimes happen constantly. The SEC needs to not only write better rules, but actually enforce the rules when they are broken.