Subject: Comments for File Number S7-32-10
From: Austin Dailey
Affiliation:

Feb. 04, 2022

 

Hello, 

This is in regards to File Number S7-32-10 

"Prohibition Against Fraud, Manipulation, or Deception in Connection With Security-Based Swaps; Prohibition Against Undue Influence Over Chief Compliance Officers; Position Reporting of Large Security-Based Swap Positions" 

I am a stock market investor and I have been witnessing a concerning amount of stock market manipulation by short-sellers and even more from naked short-sellers. And there is obvious widespread abuse of dark pools, where some stocks' volume is 70%+ dark pool volume. 

I was losing hope in the future of the stock market due to the severe lack of regulation and transparency of the systems currently controlling the stock market.  

However, I was extremely pleased and felt a sense of relief when I read this document and the new rules aiming to address these issues. I am glad hear the SEC is aware of the ongoing stock market manipulation. And that you fully understand the complex tactics and loopholes being used to control the market. 

So I just wanted to thank the SEC for working so hard to bring to light and start addressing the plethora of issues facing the stock market. Without this, I would have stopped using the stock market permanently.  

Thanks again, 

Austin Dailey