Aug. 03, 2022
August 3, 2022 To SEC Chairman Mr. Gensler Director of Enforcement Mr. Grewal, Regarding \"SR-OCC-2022-803\", it should be of the utmost concern to the SEC that a regulatory government body is seeking additional liquidity gathering powers from non-bank entities. Rather than focus on the proposed method, please focus on reasons driving this proposal. Operating with the full faith and backing of the US Treasury, it is the responsibility of the OCC to properly vet members and monitor risk of transactions. If members should fail to properly manage risk and the OCC is required to function as a financial backstop, the buck must stop there. The OCC cannot and should not have the ability to entangle non-bank entities such as pension funds. This presents a clear and present danger to American investors, where the beneficiary is OCC participants who can't or won't properly manage their investments. Such aberrent behavior breeds further financial chicanery as it rewards those OCC participants that reap the rewards of high-risk investments without incurring any real risk or loss. Please strike this down in it's tracks for the benefit of American investors and for the preservation of trust in US governance of options trading. Best, Chance Furgerson