Oct. 30, 2022
October 30, 2022 Swap reporting data should be publicly available as it directly affects retail investors. I support the proposed rules that minimize the amount of time in which large well funded institutions have to report this information. Large swaps and failure to report on such swaps pose a great threat to our financial institutions by potentially exposing investor securities to great risk without warning. The threshold for reporting requirements should be lowered to $100 million. A rule proposal should also encompass international trades in order to minimize the potential for hidden swaps. The definition to security based swaps must be wide enough to minimize evasion. Daily reporting should also be included in the rule. Finally, this rule should be implemented as quickly as possible in order to minimize the nefarious actors that will undoubtedly seek to abuse swaps prior to the implementation of any new rules. Thank you for your work in supporting retail investors like myself.