Oct. 30, 2022
October 30, 2022 am writing to express my support of the SEC's efforts in Modernization of Beneficial Ownership Reporting and Position Reporting of Large Security-Based Swap Positions. Improved market transparency helps protect investors and the companies they invest in from those bad actors who exploit loopholes in the system, exposing our markets to systemic risk. Excessively large swap and derivative positions allow firms and funds to hide a stake in a public company or a large position that can destabilize companies and threaten markets financial stability. DAILY reporting of this data will empower retail investors and citizens to protect themselves (and their retirements) from excessive risk, and companies from hostile actions. A more level playing field is in the public interest. Additionally, the proposed rules should be applied internationally, to prevent funds and firms from using international borders to evade market rules. I encourage swift passing of these new rules. Thank you.