Aug. 21, 2023
This comment is in support of SEC proposal S7-32-10. Transparency is necessary for the maintenance of free and fair markets. If the SEC accepts the argument that providing more transparency for swaps is too costly, or takes too much effort, that will only lead to even more complicated financial instruments. Currently, the regulations surrounding swaps make for a market environment that favors large specialized financial institutions over household investors. This imbalance cannot continue if the US government values "free and fair" markets for all participants. Thank you for your time and consideration.