Subject: S7-32-10: Webform Comments from Jonas Klokke
From: Jonas Klokke
Affiliation: Household investor

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