Oct. 31, 2022
October 31, 2022 I am writing in support of the improved requirements for swaps reporting. The CFTC should not be allowed to hide swap data from the public. Lack of transparency in the markets has allowed large institutions and funds to operate nefariously, gain very risky and leveraged exposure to stocks without directly shorting them, and also create tremendous counter-party risks, all of which compounds to create systemic risks in the global markets. This is at the expense of retail investors and hard working Americans who work their entire lives and expect to retire with retirement savings and pensions.