Aug. 10, 2023
It seems silly that individuals need to comment to encourage visibility in markets when concealing information only benefits the largest participants, but here we are. One basic tenant of free and fair markets is that all trades are centrally cleared and divulged. Security-based Swaps seem to be inherently designed to circumvent disclosing large trades from broader market participants. I support S7-32-10 as a step in the correct direction toward clarity and true price discovery. I fear that without proper regulatory action, as more individual investors become aware of the inner-workings of US markets, they will choose not to participate in markets that are inherently advantageous to larger participants. Regulatory bodies need to step up to assure the disillusioned individual investor that US markets are truly the most free and fair in the world. Thank you.