Comment Text:
I believe that the SEC is attempting to balance fairness with financial intrument progresion. The issues with SWAPS as well as other financial instruments that Wall Street thinks up is that the weighting of fairness lies almost always with the people on Wall street, not with the hard working American who is programmed to invest a percentage of their income in the market through 401Ks.
It is time to stop complicating our financial systems and balance the playing field. The SEC was created to protect Americans from the greed of large banks and investment firms. Please re-read your mandate and change the fundementals of Wall Street.
