Jul. 31, 2023
I fully SUPPORT this rule proposal. In order for markets to operate in a fair and efficient way, then there can be no ambiguity of deception around exposure hidden through swaps and derivatives. There is also the systemic risk associated with institutions effectively burying their heads in the sand and ignoring large risky swaps and derivatives contracts which have the potential to adversely affect the lives of millions of everyday people, both inside the USA and out. The fact that the SEC is aware of this issue and up until now haven't made any material change to rectify these loopholes in the market is negligent at best and sadistic at worst. I also raise the question of what the interests are of the congress people who are active;ly opposing this rule. What do they stand to gain from this rule being knocked down? I hope this rule is enshrined and actively enforced with heavy penalties instead of a slap on the wrist and measly couple million dollar fine Regards, Dan Individual Investor