Feb. 5, 2024
Good evening, I am an investor living in Southern California, and I have a comment about the proposed rule regarding reduced margin requirements. I do not think margin requirements should be reduced. If anything, I think they should be increased. While I understand the need for liquidity, my understanding is that many large firms trading in our markets are abusing the system. I am not an investor in GameStop (GME) myself, at least not yet. I hold shares in many mutual funds, stocks, and others. Managers who direct the funds I am invested in benefit from the tools afforded to them. I would like to think they are playing by the rules. The recent focus on GME has caught my attention. I think firms who have shorted GME should incur consequences for their actions. I think the increase to margin call requirements will only encourage more rule breaking and dishonest manipulation of our markets. I do not want to see our markets implode, rather; I want everyone to play by the rules. Taking on increased risk is not needed to make money in our markets. Please do not implement the increase to margin call requirements. Sincerely, Andrew Parker