March 7, 2022
As a general statement, it seems obvious that 'self-regulated organization' rules are in great need of improvement and overhaul to protect investors and retirements, increase the SEC's ability to enforce, as well as maintain confidence in the openness, fairness, and stability of the market. Without additional regulation, enforcement, and meaningful penalties, various SROs can simply continue with regulatory capture to bend the rules further in their favor, pay (without admitting guilt) disproportionately low and toothless fines, while tossing a bone to those that should be enforcing the rules.
More data collection, quicker publication, increased difficulty in hiding or obscuring positions and intentions, decreasing the ability to play the shell game with assets and debt - these are the reasons I support this proposed rules update and change, (S7-32-10).
Rule 9j-1 would prohibit fraudulent, deceptive, or manipulative conduct in
connection with all transactions in security-based swaps, including misconduct in connection
with the exercise of any right or performance of any obligation under a security-based swap
---APPROVED---
Rule 15Fh-4(c) would prohibit personnel of an SBS Entity from taking any
action to coerce, mislead or otherwise interfere with the SBS Entitys CCO.
---APPROVED---
Rule 10B-1 would require any person, or group of persons, who owns a
security-based swap position that exceeds the threshold amount set by the rule to promptly
file with the SEC a statement containing the information required by Schedule 10B on the
SECs EDGAR filing system.
---APPROVED---
My compliments on choice of name for this proposal: \"Prohibition Against Fraud, Manipulation, or Deception...\". Sounds like a warning shot, though it is a bit absurd that these things are not already covered.