Jul. 09, 2023
To whom it may concern, Please accept this comment regarding : Prohibition Against Fraud, Manipulation, and Deception in Connection with Security-Based Swaps. [Release No. 34-63236; File No. S7-32 -10. Market transparency is fundamental to a free and fair market. Foundational to this is the reporting of all data for inspection by regulators as well as the public. For years Wallstreet has hidden behind loopholes both in the opaque language governing these rules and in not reporting, or misreporting data (shorts marked as longs, blackout on swaps data being published, waiving margin calls for major clearinghouse to the tune of billions of dollars). Myriad other cases of derivatives spiralling out of control and causing market pandemonium. This all happens at the expense of the public, who invest in the market with what little they have and entrust their retirement, savings and pensions to this market. The public demands greater transparency from those on wallstreet. The data with regard to swaps and all other data that is available should be available to the public and regulators in a timely and open manner. It is unacceptable that in our electronic age data is still being hidden from the greatest stakeholders of this economy: the PEOPLE. Regards, Stacy Andelin