Aug. 21, 2023
Dear Sir or Madam: I support the proposal for greater transparency on swaps. Transparency is crucial to the maintenance of a free and fair market for all participants. If the SEC accepts the argument that transparency is too costly, and/or takes too long, then that inaction incentivizes the creation of more complex financial instruments. Swaps without reporting that are transparent, frequent, and enforced, foster an asymmetrical market that further benefits large participants over and at the expense of household investors. The SEC cannot responsibly allow this hole in the financial market to exist under its mandate. Thank you for your time and consideration. Sincerely, Shenna Lehmer