Aug. 20, 2023
Hello, As a "Retail" Investor, I fully support Rule S7-32-10. Any rule that creates more transparency, and levels a stacked playing field against retail investors is a good rule. Rostin Behnam, the head chairman of the CFTC, has done everything he can against the interests of retail investors, by delaying swap reporting up to Oct 2024. This only helps those that are abusing swaps, and hiding short positions in them. Rostin Behnam is a bad actor working against retail, and I have absolutely no confidence in his ability to regulate that which he is supposed to. Also, he has close ties to Sam Bankman-Fried, the disgraced CEO of FTX, who is facing multiple charges which include spending 200 billion dollars of client money on things including campaign donations to politicians. Rostin Behnam has clearly demonstrated that he is not working in the best interests of retail investors, but rather, helping Large Hedge Funds and Market Makers maintain their chokehold on the markets by making their swap positions secret to the public. In doing so, this discourages actual price discovery. There are comments from organizations that say retail investors who use chatrooms like reddit are ganging up on hedge funds by analyzing swap positions and buying the opposite side of that position, like with the GameStop squeeze of 2021, are missing a vitally important detail. If what they are doing is honest, then swap transparency shouldn't matter. Again, I'd like to say that I support rule S7-32-10. Sincerely, A retail investor Sent from Outlook