Aug. 10, 2022
August 10, 2022 I oppose, and recommend the SEC reject, the SR-OCC-2022-803, 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 don't believe there should be any situation in which the OCC should have access to pension funds and insurance company money simply because one of their Clearing Members is about to default. If the OCC needs to cover a members default due to their own failure to properly access risk then it should fall fully on them to liquidate their own holdings and use their own collateral and private assets. It should not be the responsibility of others, especially at the cost of innocent peoples pensions, to cover their bad bets. Thank you in advance for your time and consideration and once again I strongly urge the SEC to reject this proposal.