Aug. 12, 2023
I am in full support of the proposed rule to require reporting of all large swap positions. It's mind boggling that the market has progressed this long without it. How many economic collapses where millions of tax paying citizens losing their homes and livelihoods will we need to experience before the SEC decides to regulate these large financial institutions which consistently decide to gamble with the publics investments by utilizing complex financial instruments, such as swaps, to obfuscate their investments and behaviors. Disclosing this data is one of the only ways that household investors can protect themselves from the repeated abuse of these financial institutions. Furthermore, I believe the minimum amount required to be disclosed is too high. I would propose 100M or less.