Oct. 29, 2022
October 29, 2022 I am writing this comment in support of this new rule on swap reporting because of how important it is for the transparency of data. It has been theorized for years that swaps are used as a way to hide short positions in a company's security and the actions the CFTC have taken to hide this swap data has only made this theory stronger. I think it would be great for the markets if rules were implemented to identify when a market participant has a large, concentrated position in a security-based swap on a single issuer. For future cases of swap purchasing, these market participants should be required to report purchases exceeding $150 million at the end of the first business after the swap was executed. Lastly it would be incredible if these reports were made publicly available in the U.S, as well as, internationally immediately upon filing. Thank you for taking the time to read my comment and I hope it is taken into account.