Feb. 07, 2022
I am making a public comment of full support for S7-32-10. I have been investing in securities since the 1980's, and thought I had a pretty good understanding of the markets and the economy. However, it is only in the last year that I have really woken up and realized how absolutely horrendous our entire financial system is. The title of S7-32-10 really says it all, as just one example. Here we have a proposal to PROHIBIT FRAUD and deception, a proposal to prohibit undue influence over compliance officers, and to require reporting of large swap based positions... Why has this NOT been required all along??? It seems that Mr. Gensler is trying to fix problems, and I hope he does and is able to. I won't pretend to be knowledgeable enough to lecture you folks on how to do your job, or what right from wrong is. We NEED transparency, we need fairness, and we NEED strong penalties and equally strong, rapid enforcement of those penalties. We have criminal behavior from the VERY TOP, and I can't tell you how disgusted I am. (Yes, I am looking at you Yellen, Powell, and a big chunk of Congress - for starters.) "Illegal, resulting in a fine" is just semantics for " It is permissible for a price." A lot of people need to go broke, and go to prison. I wish Mr. Gensler and his team the best of luck in fixing this disgusting mess of criminality called the U.S. Securities Market. Sincerely,