Aug. 09, 2022
August 9, 2022 I oppose this proposal. Pension funds should not be a source of liquidity for an irresponsible or reckless investment not panning out the way the investor had hoped. Should an OCC member default, their assets should be sold and liquidated to fund their obligations, just as would be the case for any investor who fails to meet their financial obligations would be liquidated by the court. Using pension funds and other sources just incentivizes fraud and corruption by removing any potential consequences. I do NOT support this proposal.