Oct. 29, 2022
October 29, 2022 Considering the surge of interest in retail investing that has grown on the back of interest in retail securities, retail investors have become a significant sector of the securities market. Retail investors are not given the transparency necessary to evaluate positions in which significant fraud may be occurring. The role of the SEC to provide security and transparency in the market on behalf of retail investors has had its legitimacy undercut severely as there is strong evidence of the abuse of derivatives including swaps used in the sake of profiteering rather than investing. This profiteering has in the past, and currently does, create instability in the market and allows potential fraudulent organizations and firms to engage in behavior that harms companies, retail investors, and the economy as a whole. By moving towards further transparency in reporting data, increasing the ease by which it can be found, and by making it timely, the SEC would be contributing towards improving market conditions for regular investors. It would also create greater market stability and would not infringe on the ability of financial organizations to engage in the use of swaps and other derivatives unless they are actively engaging in fraud and other criminal profiteering. As one retail investors amongst hundreds of thousands interested in investing in US markets, I urge the SEC to pass this proposed rule alongside S7-18-21 and S7-8-22. No further amendments need to be proposed, nor should any underlying changes these rules propose be curtailed. It is time for a more honest and open market that actively protects its retail investors from the harms of occult criminal activity.