Subject: S7-32-10: Webform Comments from Ernestus Twimbledough
From: Ernestus Twimbledough
Affiliation: retiree and commenter on SEC proposed rules

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