Aug. 03, 2022
SR-OCC-2022-803 The recently proposed rule change offers up pensions as a source of liquidity in th he event of a member default. This is a terrible idea. Each company is required to have is own risk analysis department to guard against default. There is no good reason why these organizations should get access to working people's money to settle their bad debts. Pensioners almost by definition are risk averse and are not individually involved in options trading and should not be liable for security activity they have no involvement with, nor have they been cleared to participate in. Should this proposal pass the SEC is abdicating from its role as public oversight and protections and simply butchering the accounts of unsuspecting retail shareholders. Do not pass SR-OCC-2022-803 Thanks,