Oct. 29, 2022
October 29, 2022 Good morning, I am writing to you to because to advocate for this proposal. I believe this transparency FOR THE PUBLIC disclosure of information is necessary because it is common knowledge if there is anyway to hide something, by human nature, even the good n usually honest humans would be more inclined to attempt/dosomething illegal or shady if they know theres a way to hide it, not be caught, and/or have no consequences coming back for their action. Temptation is only amplified if theres an ability to hide information. I believe that not having transparency or mandatory full disclosure ESPECIALLY in excessively large swaps could be/can be/are mammoth risks or invisible threat to financial and national stability The ARCHEGOS situation is exactly what I mean, and I fully believe ARCHEGOS is NOT the only case where that type of excessive over leveraging via swaps is being use, they were just the first to get caught up in unsustainable over leveraged positions. I do agree with the definition of security-based-swaps and it must be appropriately wide in order minimize chances of evasion. I demand transparency for the public for financial safety of all investors, and I ask that this proposal is accepted, finalized, and implemented immediately Thank you very much for your time, your effort put into this proposal.