Feb. 7, 2024
I want to go on record as being totally AGAINST this OCC rule proposal. This ruling will reduce margin requirements for Clearing Members and give them an unfair advantage. Why shouldn't they be subject to the same clearly defined margin requirements that other investors are? If passed Clearing Members will use excessive leverage and bring MAJOR RISK to the entire financial market. I'm shocked that this is even being considered right now. I am going to draft letters and send them to my congressmen and senators today as well. RETAIL INVESTORS ARE ALREADY AT A MAJOR DISADVANTAGE. Daniel J. Grady