Jul. 25, 2022
I am a member of the public, and am aware of OCC filing SR-OCC-2022-803 • The requested changes are harmful to US markets • they request changing the rules regarding advanced notice, which has no value to the public, and substantial public harm. • Only a cheating OCC can benefit: if they plan to follow the rules, there is no need for this change at all. • they request a bailout for the individuals who made risky bets, thereby encouraging such behavior in the future • All of their actions suggest the risk for a crash is large ($23.8B large) and growing • Unless they suffer the financial and criminal consequences for their behavior, this will continue to happen. • The SEC has a moral obligation to deny SR-OCC-2022-803 in its entirety. • Failure to do so will create a larger bubble to pop when the next market correction, just like 2008 did Sent from my iPhone