Aug. 10, 2022
Hello SEC committee, I have looked through this proposal and want to ask, what is the OCC doing as far as margin requirements for its members to prevent them from drying up their own liquidity? What have they done with their own liquidity to mitigate risk? Reaching out to insurance and pension funds, which I assume will be taxpayers' pensions to cover their own position/use as collateral is quite irresponsible. They do not own that money and are requesting the funds to push that risk onto people that are unknowing of where their investments are going. I am very much against this proposal because it only benefits the OCC members and puts all the risk on insurance companies and pension funds. Best, Reyneir Magee