Aug. 10, 2022
August 10, 2022 I am a member of the public, and am aware of OCC filing SR-OCC-2022-803 The requested changes are detrimental to US Financial markets Only a cheating OCC can benefit: if they plan to follow the rules, there is no need for this change at all. they request a bailout for the individuals who made risky bets, thereby encouraging such behavior in the future All of their actions suggest the risk for a crash is large ($23.8B large) and growing financial and criminal consequences are necessary to curb this behavior The SEC has a moral obligation to deny SR-OCC-2022-803 in its entirety if they truly portend to represent retail traders best interests. Failure to do so will create a larger bubble to pop when the next market correction, just like 2008 did. Best Regards, Anthony