Aug. 15, 2023
I fully support the proposed rule and commend the SEC for taking steps to level the playing field. There are far too many factors that benefit institutions and HFT today. Swap positions are yet another mechanism to obscure markets and conceal true price discovery. A fund/wholesaler can collect capital from thousands of wealthy people, further lever up with margin, not report on short positions, fail to deliver on those positions , and then hold these positions indefinitely because they can use swaps and other obscure tactics to evade their obligations. This has gone too far. This is not a fair and efficient market.