Oct. 31, 2022
October 31, 2022 I support the following: Preventing evasion of the reporting rule. Transparency and public disclosure of data. Excessively large swaps are a threat to financial and national stability. I Request that the threshold be lowered to $100 million / $200 million gross. I support applying these rules internationally. I suggest you look at the entire swap portfolio to determine reporting requirements, not just parts. I feel the Commission should follow the precedent in Rule 13h-1, which identifies large traders using the traders entire position in all NMS securities. The overall picture of a traders appetite for excessive risk can only be formed by looking at their total swap position. Allowing large traders to take on excessive risk via swaps in many different individual securities while avoiding reporting requirements is against the spirit of the rule, and goes against the Commissions prior rulemaking. I agree with the definition of security-based swaps and state that it must be appropriately wide to minimize evasion. I agree with daily reporting and praise the Commissions public release of the data. Please finalize this rule as soon as possible. Thank you for your action on this matter. -An Anonymous and Concerned Investor