Oct. 31, 2022
October 31, 2022 As a British retail investor in American stocks, I welcome and strongly support this proposed rule. It is greatly concerning to hear that a number of businesses and political figures are against transparency in the securities markets, particularly in regards to reporting swaps, short selling, and securities lending. These companies are not on the side of the retail investor. As we see repeatedly, the only people against transparency are the people with something to hide, with predatory intentions that are often the polar-opposite of \"investing\" in businesses. Examples such as the CFTC allowing swap data to remain hidden for several years allow powerful hedge-funds to operate in the dark, whilst the average retail investor has no such ability. By allowing data to remain hidden, it also clearly allows fraud, manipulation and deception to continue. I strongly support the proposal of daily reporting and public release of this data as a tool in this fight against serious crime. I strongly agree with the scope of this proposed rule, which covers a necessarily broad definition of securities-based swaps. This broadness is essential to prevent loopholes being exploited to avoid the rules, as we often see. I strongly support the proposed measures, and would equally like to see similar measures adopted in Europe and internationally. The proposed rule is one of common-sense. It is a shame that so many predatory actors have been able to profit by exploiting gaps in market integrity, and there will undoubtedly be resistance from companies who have enjoyed exploiting the securities markets at the expense of retail investors, and whose profits are linked to a lack of integrity. I hope this proposal can be put into action with urgency.