Comment Text:
The lack of transparency this proposal is requiring has elements similar in behavior to that of the FTX model. As it turns out, a lack of transparency DOES NOT benefit a retail/household investor and will continue to fracture our economy as well as our trust.
As a household investor, I am committed to full transparency for our markets. We live in an age where transparency is 100% possible but we have our current institutions who seem to require transparency to be delayed.
What a shame.
Why does credit suisse/UBS require their data to be hidden for 50 years?
Would it reveal that the lack of reporting only adds unnecessary risks to our markets?
Corruption requires secrecy to function.
