Oct. 12, 2022
October 12, 2022 I am commenting in support of this rule in its entirety, and quite frankly am shocked manipulation and deception in relation to security based swaps are not already prohibited. The penalty should be more than the value of the crime. Everyone witnessed the danger of swaps opaqueness from Archegos, and now there is a large bank (Credit Suisse) presumably failing due to this lack of regulation. Undoubtedly there will be large financial firms in opposition to this rule, but theyve caused enough damage to hard working Americans pensions and 401ks and the passing of this rule will be one step closer to righting all the wrongs that they and this agency have done in the past few decades. Please, for the sake of anything noble and just left on wall st/DC, pass the rule and do your jobs.