Aug. 13, 2023
I firmly support the implementation of rigorous measures to combat fraud, manipulation, and deception in connection with security-based swaps. These safeguards are essential to maintaining the integrity of our financial markets and protecting investors from unscrupulous practices. Additionally, it is imperative to establish a robust prohibition against any undue influence over Chief Compliance Officers. This ensures their independence and ability to uphold ethical standards without interference, further bolstering the transparency and trustworthiness of our financial system. Furthermore, the mandatory position reporting of large security-based swap positions is a crucial step towards promoting market stability and preventing excessive risks. These regulations collectively serve to create a more accountable, transparent, and secure environment for participants in the securities market, fostering investor confidence and the overall health of our economy.