Jul. 20, 2023
Dear Members of the Securities and Exchange Commission, I am writing to express my full support for the proposed Rule S7-32-10, which aims to enhance investor protection and transparency in the securities market. As an investor and concerned citizen, I firmly believe that these regulatory measures will contribute significantly to the stability and fairness of our financial system. First and foremost, I commend the SEC's commitment to safeguarding investors' interests. Rule S7-32-10's focus on preventing fraudulent and deceptive practices is crucial in fostering trust between investors and the markets they engage in. By holding market participants accountable for their actions and enforcing stricter compliance standards, this rule will create an environment that encourages responsible investing and fosters sustainable economic growth. Moreover, I am particularly impressed by the provisions aimed at promoting transparency and disclosure. Clearer and more comprehensive reporting requirements for publicly traded companies will empower investors to make well-informed decisions based on accurate and timely information. As a result, the potential for market manipulation and insider trading will be reduced, instilling further confidence in the integrity of our financial markets. Furthermore, Rule S7-32-10's emphasis on market liquidity and resilience is vital in ensuring that our financial system remains robust and capable of weathering unforeseen challenges. By encouraging the use of advanced risk management techniques and promoting liquidity risk assessment, the rule seeks to minimize systemic risks and their potential impact on investors, businesses, and the broader economy. I firmly believe that a well-regulated and transparent securities market is essential for the continued growth and prosperity of our nation. The proposed Rule S7-32-10 represents a significant step forward in achieving these goals, and I wholeheartedly endorse its implementation. In conclusion, I urge the Securities and Exchange Commission to approve and adopt Rule S7-32-10 without delay. Your steadfast commitment to investor protection and market integrity is commendable, and this rule will undoubtedly contribute to a stronger, more resilient financial system. Thank you for your time and consideration of my views. I trust that you will act in the best interest of investors and our nation's financial well-being. Sincerely, Shaun Vendryes Sent from my iPhone