Aug. 09, 2022
August 9, 2022 I am a foreign investor and I am aware of OCC filing SR-OCC-2022-803. The filing requests a rule change the OCC must follow regarding disclosures and funding of its liquidity facility. The requested changes seem harmful to US markets and request changing the rules regarding advanced notice, which has no value to the public, and substantial public harm Both internal for US markets as well as international markets. Only a foul OCC Member could benefit: if they plan to follow the rules, there is no need for this change at all. They could request a bailout for the individuals who made risky bets, thereby encouraging such behavior in the future, introducing more risk and weakening the trust (if there is any left) in US financial markets after the \"Meme Stock\" issues. All of their actions suggest the risk for a crash is large ($23.8B large) and growing. Unless bad player suffer the financial and criminal consequences for their behavior, this will continue to happen at faster rates and bigger bailouts, taking money out of the US system and defrauding both US citizen, investors as well as international Investors. The SEC has a moral obligation to deny SR-OCC-2022-803 in its entirety. Failure to do so will create a larger bubble to pop when the next market correction, just like 2008 did for 2022. And no Miss Hester @SEC, your comment and opinion isnt asked or valued by retail investors.