Feb. 4, 2024
Hello, I am opposed to the newly proposed SR-OCC-2024-001 rule to reduce margin requirements when there’s high market volatility. This rule allows companies to engage in extremely risky behavior by protecting them from over-leveraged financial ventures. Considering these risks pose a threat not only to themselves, but to the markets and average people as well, this is unacceptable. Considering the history of the financial markets and the very great burden that ends up being placed upon regular people when these risks explode, rules like these MUST consider the wishes and hear the voices of the people. I oppose SR-OCC-2024-001, these risks must be reined in and the way to do that is to make it harder to engage in risky behavior, NOT easier. Thank you. A concerned investor