Feb. 3, 2024
Dear SEC, I do not support the proposed rule SR-OCC-2024-001 on OCC Rulemaking. Many of the referenced exhibits used to justify this rule, such as Exhibits 3A-3F, are redacted. If justification for this rule is redacted from the public then it suggests that the motivation for this rule is nefarious and will not benefit the public. Reducing margin requirements and not allowing margin calls to happen will just help bad positions/bets continue without repercussion. This rule would only encourage more bad/higher risk positions which harms global markets. Overall, this is a very bad rule. Dr. Chris Keturakis