Aug. 03, 2022
Greetings, As a retail investor I am strongly concerned about the proposal in question, SR-OCC-2022-803. The proposal does not serve the interest of the retail investors of whom the SEC has the duty to protect and provide a fair market. The proposal is in the opposite direction of a fair market, shifting the financial burden to parties outside the OCC, whereas it is meant to fall on Clearing Members. I am especially concerned with the pension funds of the average joe in the US. The proposal imposes significant risk on the pensions of Americans by attempting to demand cash, without limits, at the will of the OCC. The OCC must not touch the pensions that does not belong to the clearing members. If the OCC on its own does not have the ability to navigate the risk and consequences of its members actions then it is time to re-evaluate the effectiveness of the only clearing house in the market as well at its true motives. Another reason to NOT pass the rule would be that it would waive the requirement of advanced notice entering to individual commitments; which is quite outrageous on its own and against fair market by not requiring pre-disclosure of such actions. Please do not pass rule SR-OCC-2022-803 as it imposes significant risk on the average working class American's pension and would allow for OCC to drain funds from such funds without notice. Signed, A Concerned retail investor