Aug. 03, 2022
Dear Gary Gensler, I am writing regarding the recently proposed rule submitted by the OCC: "Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Advance Notice Related to an Expansion of The Options Clearing Corporation’s NonBank Liquidity Facility Program as Part of Its Overall Liquidity Plan" This rule is a farst! If it were to be approved it would essentially allow the OCC to be bailed out with the pensions of normal everyday Americans through their pensions! If the OC has members who have made bad bets in the market they should be the ones to foot the bill if they go sour. Allowing this proposed rule to be approved would essentially be circumventing the Glass Steagall Act and leave hard workings to foot the bill. As an international investor I am appalled by the state of the "free and fair" markets of the USA. I implore you to do your job and fix your sham of a market. Regards, Dan An international investor tired of the SEC's [redacted].