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Comment for Public Information Collection 87 FR 64205

  • From: Steven Smith
    Organization(s):
    Individual

    Comment No: 70946
    Date: 12/14/2022

    Comment Text:

    Dear CFTC,

    I would highly recommend enforcing more transparency in the market as a whole. As the CFTC has pushed the obligation to share the swaps that financial institutions hold TWICE, I doubt this comment will be taken into consideration. Recent news released by the Bank of International Settlement shows that 80 Trillion in derivatives have gone *poof*. As a regulatory body I am ashamed for you on how bad the situation is and instead of working on making the market more transparent you are pushing obligations out the window helping bad actors to hide more of how bad the situation is. Please do the right thing, I vote for more transparency on all fronts, many people will lose their life savings because of financial institutional gambling. Thank you for your time and effort

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