Comment Text:
Greetings. As a small individual investor, I would like to make it know that I do not support modifying the existing reporting requirements in any way that may loosen or lead to future loosening of said requirements. Transparency is of paramount importance to small investors, as it aids in the leveling of a playing field that is already so unfair that any ameliorating influence is significant. While the timeliness of reporting may very well be aided by some of the proposed modifications, and the burden on those parties who are required to report may be lessened, there is also hidden risk. This risk lies in the potential that such modifications become a slippery slope of relaxing the requirements for reporting. Swaps have significant potential risk associated with them, even during the most prosperous of times. This investor urges the CFTC not to allow swap-reporting parties to become lazy, nor to minimize their reporting obligations, especially considering present turbulent market conditions. The markets globally are primed for and are already going through the last pre-recession motions. These last few moments before the collapse of our markets will come under great scrutiny in the future. Those people who either knowingly or unknowingly contributed in either small or large part to it"s demise will not be forgotten by history. Make sure that the CFTC finds itself on the correct side of history.
