The SEC's proposed rule requiring the public disclosure of significant security-based swap positions has my complete support. This regulation would increase investor confidence, lower systemic risk, and promote market transparency. When everyone has equal access to information that can affect trade decisions, the financial markets operate more effectively. Because of laws that guarantee all traders have equal access to information, the U.S. stock market has become incredibly efficient. Swaps and other OTC market products, however, are frequently seen as trading venues on the basis of confidential, possibly market-moving information that would be prohibited in more regulated settings. Market integrity may be destroyed by unethical trading methods made possible by the anonymity provided by over-the-counter markets. In the end, the market inefficiencies and unfair advantages brought about by disparities in the information that is available are not justified by the liquidity that these trades provide. By making sure that these transactions are transparent, we can create healthier markets that will attract more people.