Aug. 10, 2022
August 10, 2022 I oppose and recommend the SEC reject this 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. It is not nor should it be the responsibility of main street non-bank funds to bail out OCC members in the event of a default. The outcries of certain market makers that retail investors \"helped wipe out the pension plans of teachers\" while the OCC is trying to expand facilities to utilize those exact pension funds for essentially free liquidity is abhorrent. Maybe the OCC should regulate the massive amounts of risk incurred in the sheer amount of speculative derivatives that are out there instead of taking money from regular people to bail out a member when they incur too much risk and end up defaulting. The market makers are the ones writing the derivatives, not the teachers with pensions. Thank you for your time and consideration.