Subject: Re: Notice of Proposed Rulemaking on the Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps; Prohibition Against Undue Influence over Chief Compliance Officers; Position Reporting of Large Security-Based Swap ...
From: Johannes Schneider
Affiliation:

Oct. 30, 2022

To whom it might concern,

As a non-US investor, I have serious concerns about several practices in todays markets. One of the is reporting of swaps. Why is this hidden from the public ? Are they being used for systemic fraud?

The US markets are in massive disarray. Mega banks and hedge funds / family offices collaborate with big institutions to use the swaps in a way that can not be beneficial for retail investors.

I hope that you consider Reporting of Swap positions as an important step for more transparency in the markets.

Sincerely,
A concerned investor