May 3, 2023
Dear Regulators, I am an international, household investor. I have already commented on this rule some ~7 months ago. In that comment, I outlined the serious nature of what I believed to be a serious issue within the markets. I still believe those issues around swaps, fraud and the total opacity of the US markets are unbearably large problems. The erosion of trust within the markets, faith in the US banking system (see: regional bank implosions), the declining value of the USD in international trade, the outright abandonment by some nations of the USD (in favour of BRICS or sovereign currencies), and the growing negative sentiment of the broken fiat fractional reserve system, are all symptoms of corruption seeping out of the isolated containment once built around the banking cartel and equity organisations such as family offices, private equity firms and hedge funds. I believe the SEC is acting in good faith to work to repair these issues as fast as they can, to preserve the integrity of the US financial system, the standing of the US State in the world view, and to protect investors across the planet. I still support this proposed rule, but would also like to congratulate and thank the SEC for a job well done. Job's not finished, it never is, but this is a good start. Regards, A humble, small investor.