February 19, 2022
File No. S7-32-10: In favor of re-proposed rule 9j-1, proposed rule 15Fh-4(c), and proposed rule 10B-1.
Security-based swaps played a large role in the '08 financial crisis that played to the detriment of millions of American citizens and their livelihoods. With the current derivatives market conservatively estimated in the trillions there seems to be an exploitable element within said market paired with a lack of both oversight and transparency. I believe these proposals are steps in the right direction towards a more free and fair market as well as to retail's benefit. As the SEC continues to propose amendments and rules that allow an even playing field between retail and market institutions I believe we will be able to see the proper flourishing of entrepreneurial businesses and new innovative technologies. Based simply on the very fundamental of any and all markets, NOVEL supply and demand.