Aug. 13, 2023
Hello again I am a staunch advocate of rule making proposal S7-32-10. I fully support this initiative, recognizing that the current scenario with swaps is far from ideal. It has become evident that certain actors misuse swaps to conceal their short positions, manipulate prices, and wreak havoc on the economy. The call for increased transparency in swap-based securities is paramount. This move would not only empower retail investors but also provide government officials with better tools to identify these detrimental positions before they escalate to irreversible levels. I also stand behind the assertion that the threshold for reporting should be set at $0. Over time, we've witnessed major players within the financial realm repeatedly find ways to maneuver around regulations.By having zero lower limit this ensure no ways of splitting positions until they're under the threshold and numerous other ways that non-household investors are able to obscure the playing field in financial markets. In essence, I fully endorse the proposed rule changes and the sentiment expressed here, which seeks to bring greater transparency and accountability to the financial landscape. Best regards Jonas