Feb. 4, 2024
Dear reader, I'm all against this newly proposed rule, and here is why: This proposal is all about protecting Clearing Members from facing the full consequences of their risky trades. By reducing margin requirements. What will stop them from doing this again and again? Massive conflict of interest with the Financial Risk Management Officer. They supposed to be protecting the OCC's interests, but instead they are putting everyone else at risk. We should be holding them accountable for managing their risks properly. That means enforcing stricter margin requirements and making sure they're not taking on more than they can handle! Kind Regards, Peter McCornack