Feb. 12, 2023
To whom it may concern, I object to the proposals marked out in SR-OCC-2022-01. As a retail investor, I believe the proposals are designed to give more power to the very largest banking organisations at the expense of smaller ones, and to protect those large organisations against their own failures. The Options Clearing Corporation is arguing in bad faith: you must ask the question "why are the simulation and margin haircut rules so dangerous now, when they have been fine since before the previous major stressed market?" What changed? Are those organisations overleveraged, and is there an excess of short positions in volatile stocks? Please consider these questions when you evaluate the proposals. No company should be too big to fail in my opinion, and I know many other individual investors share that opinion. Faithfully, -- MATTHEW OGLESBY