Jul. 25, 2023
Dear Ms. Countryman, This rule shows a clear path to reporting and market transparency and to prevent fraud and manipulation. The market needs this in an urgent manner. Over the last few years (and long before that, it is just becoming more well known now) so much manipulation and fraud has come to light, as well as the mechanics that allow them to happen. Strict reporting and policing need to be implemented to turn around this fraudulent market. Anybody claiming that this goes too far "for the sake of liquidity" should be looked at. Manipulation is rampant, members of congress are reaping the benefits and being bought by "lobbyists" aka hedge funds. The CFTC keeps extending the no reporting period for swaps- which we know are used by criminals like Bill Hwang to illegally create massively precarious positions in the market. I would suggest that Rostin Benham be looked into for his part in allowing swaps to go on unreported when they are clearly used in a malicious manner. In short- the market clearly needs fraud and manipulation prevention and this rule is a great step in the right direction. How could anybody be opposed to that? Who is opposed to that? Thank you, Retail Investor