Subject: S7-32-10: Webform Comments from Chris (Individual Investor)
From: Chris
Affiliation: Individual Investor

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.