Oct. 30, 2022
October 30, 2022 To whom it may concern, I am writing today to express my support for the rule proposed by the Securities and Exchange Commission (SEC) under file number S7-32-10, \"Position Reporting of Large Security-Based Swap Positions.\" This rule would improve market transparency, close critical loopholes, and reduce systemic risk created by excessively large swap positions. I agree with what is outlined in regards to daily reporting and the public disclosure of data, along with the definition used to determine security-based swaps. A \"Security-Based Swap Position\" must include all security-based swaps based on the same underlying security or reference entity, regardless of whether they are debt (including Credit Default Swaps) or equity-based, so that funds and firms cannot evade reporting requirements by using different types of complex financial instruments. I would like to see similar rules in the future to further increase market transparency and limit the potential for exploitation and abuse due to outdated reporting requirements. I commend the SEC for putting this proposal forward and encourage you to finalize it swiftly. Thank you for your time and efforts. Sincerely, Nick F. Retail Investor