Aug. 14, 2023
To whom it may concern, I am writing to express my strong support for the immediate implementation of Rule S7-32-10, which would require the public disclosure of all security-based swap (SBS) positions. I believe that this rule is essential to preventing future financial crises and ensuring a fair and transparent market. The Managed Fund Association's (MFA) alternative proposal is just another attempt to hide their dangerous fraud from the public markets. I believe that all SBS positions, regardless of size, should be reported publicly with no exceptions to this rule. This would give investors and regulators a much better understanding of the risks in the market and help to prevent the kind of market manipulation that led to the 2008 financial crisis. Finally, I believe that the penalties for violating this rule should be severe. I suggest that violators be forced to liquidate their positions, have their licenses revoked, and be barred from working in the financial industry for life. This would send a clear message that the SEC is serious about enforcing this rule and that it will not tolerate market manipulation. I urge the SEC to implement Rule S7-32-10 immediately and to make it as strong as possible. This rule is essential to protecting investors and ensuring a fair and transparent market. Sincerely, Concerned Household Investor