Jul. 31, 2023
Dear Ms. Countryman, I support proposed rule S7-32-10 and especially Rule 10B-1 therein. In fact, I strongly believe the proposed transparency does not go far enough. I would very much welcome the SEC proposing more and stricter rules concerning swaps and swap-related securities that would bring about an increased level of transparency in the U.S. financial markets. The level of fraud and corruption that has become obvious in the last couple of years, such as, but not limited to, broker-dealers switching off the buy button and allowing position close only, the DTCC waiving collateral requirements for certain broker-dealers, the mismanagement of a dividend stock split of a certain gaming company, short hedge funds fraudulently using tokenized stocks on FTX as locates to reconcile Fails To Deliver and getting a pass by the SEC, and last but not least a certain Minneapolis Fed President claiming 'There is an infinite amount of cash in the Federal Reserve' are just the clearly visible tip of the iceberg. I wonder: what else might await us in the near future? Our children and grand children will be asking us 84 years from now why the ponzi scheme we call the financial markets has stayed alive for such a long time. I wonder what we will respond. Sincerely, Ernestus Twimbledough