Aug. 19, 2023
To Whom It May Concern, I am writing to express my strong support for Proposal S7-32-10 regarding Large Security-Based Swaps. As a retail investor who actively participates in the financial markets, I believe this proposal is a crucial step in enhancing the overall integrity and stability of our financial system, and I want to emphasize why I believe it benefits retail investors like myself. 1. Transparency and Fairness: One of the core principles of a well-functioning financial market is transparency. This proposal takes important steps towards increasing transparency in the security-based swaps market. For retail investors, having access to clear and comprehensive information about these complex financial instruments is paramount in making informed investment decisions. 2. Risk Mitigation: Large security-based swaps can have a significant impact on the financial markets. This proposal introduces measures that can help mitigate systemic risk, reducing the potential harm to all market participants, including retail investors. 3. Market Integrity: By regulating large security-based swaps, the proposal enhances market integrity. This is crucial for retail investors, as it fosters an environment in which all participants can trust that the market operates fairly and without undue manipulation. Investor Confidence: A well-regulated market instills confidence in retail investors. When we have faith in the regulatory framework, we are more likely to invest, which in turn supports capital formation and economic growth. 4. Protection from Abuses: The proposal includes provisions aimed at preventing market abuses, such as fraud and manipulation. This is in the best interest of retail investors, as it helps protect our investments from unethical practices. 5. Long-Term Stability: A stable financial system is beneficial to retail investors who often have long-term investment goals. By addressing risks associated with large security-based swaps, this proposal contributes to the long-term stability of financial markets. I want to emphasize that I believe in responsible regulation that strikes a balance between market efficiency and investor protection. Proposal S7-32-10, in my view, represents such a balance, and I applaud the SEC for its efforts in crafting this proposal. I urge the SEC to proceed with this rulemaking, taking into consideration the perspectives of retail investors like myself. I am confident that this proposal, when implemented, will contribute positively to our financial markets and provide greater protection and confidence for all market participants, including retail investors. Thank you for your attention to this important matter. Sincerely, Anonymous Investor