Aug. 03, 2022
Hello SEC, As a retail investor and United States citizen, I strongly condemn the proposed passage of SR-OCC-2022-803 titled "Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Advance Notice Related to an Expansion of The Options Clearing Corporation’s Non- Bank Liquidity Facility Program as Part of Its Overall Liquidity Plan". I urge you to do the same. Passing this rule would enable the OCC to enter into repurchase agreements with institutional investors, such as pension funds or insurance companies, that are not Clearing Members. The OCC is requesting permission to expand access to liquid funds by an additional $2.5 billion and also to remove the cap so that the OCC can tap the pension funds for as much as they want without asking again in the future. Doing so would shift the financial fallout from those responsible for taking excessive risks to the American taxpayer. This is ethically and fiscally wrong and you know it. On behalf of all American taxpayers, retail investors and government workers who need their pensions to survive in the future, do the right thing and reject SR-OCC-2022-803. Thank you for your time. Most Sincerely, Alex Mazakas