Aug. 20, 2023
Dear SEC, To Whom It May Concern, I am writing to express my strong support for the SEC's proposed rule regarding the Prohibition Against Fraud, Manipulation, or Deception in Connection with Security-Based Swaps, as well as the Prohibition against Undue Influence over Chief Compliance Officers and Position Reporting of Large Security-Based Swap Positions. Ensuring the integrity and transparency of financial markets is paramount to maintaining investor confidence and the stability of our economy. By implementing these rules, the SEC demonstrates its commitment to preventing fraudulent activities, manipulation, and deceptive practices in the realm of security-based swaps. This not only protects individual investors but also safeguards the overall financial system. Furthermore, the provisions addressing undue influence over Chief Compliance Officers and the requirement for position reporting of large security-based swap positions are crucial steps towards accountability and risk mitigation. These measures can significantly enhance the effectiveness of compliance and monitoring mechanisms, ultimately leading to more robust market oversight. As a household investor, I believe that adopting these rules will be a significant stride towards a fairer, more transparent, and well-regulated financial environment. I urge the SEC to finalize and implement these measures to strengthen investor protection and the integrity of our financial markets. Thank you in advance for implementing this very important regulation to keep our markets fair and reduce fraudulent activities that undermine the integrity of our markets, and stain the reputation of the United States as a whole. We are no better than a 3rd world country if we cannot regulate the significant fraud and abuse in our securities markets. Thank you, Nathan Barron, Concerned Investor