Aug. 20, 2023
I support this proposal. I appreciate the recent efforts by the SEC to provide more transparency to the markets. I find it interesting that prominent financial institutions/players are commenting against this proposal and relate it to creating operational or liquidity issues. What is happening behind closed doors that would warrant this response? Their response shows how desperate proposals like this, pushing for a more transparent market, are needed. We don't have to look that far in the past to find a great example - Archegos. They used swaps to hide positions, significantly overleveraging themselves and putting other financial institutions at risk. Thank you for your time. -- -- Jeremy Manne 917.662.7192