Subject: S7-32-10: Webform Comments from Joaquin Garcia
From: Joaquin Garcia
Affiliation:

Aug. 12, 2023

The proposed SEC rule requiring public reporting of large
security-based swap positions is a necessary and beneficial measure to
protect the integrity and stability of the financial markets.
Security-based swaps are complex and opaque instruments that can be
used to hide large naked short positions and to engage in other types
of market manipulation. By requiring public disclosure of
security-based swap positions, the proposed rule would enhance
transparency, accountability and oversight of these transactions, and
deter fraud, deception and market manipulation.