Oct. 12, 2022
To whom it may concern, I am a retail investor who is losing faith in the integrity of our markets - and the privatization of swap data is one of those reasons. There have been several cases that have gone to court this year over bankers speaking over WhatsApp and other private messaging services to share non-public info. While the Swap Data is private, these WhatsApp court cases show that there is very little data that stays private in these dark corners of institutional money. This is inherently creating an unfair system where bankers who have almost no oversight are able to share this data amongst one another while retail is left in the dark. In a way Swap data isnt private for everyone, just private for anyone who is not a member of the CFTC Banker 'Private Members Club'. Retail investors make up our working class economy and are the backbone of our country. This is the demographic you should be looking out for because without a middle-class, there is no stock market. I hope you consider this when making a decision on S7-32-10. Thank you for your time and have a great day, Cuit