Subject: SR-OCC-2024-001 34-99393
From: Jeffrey Petit
Affiliation:

Feb. 7, 2024

Hello,

I’m highly opposed to this proposal and do not support it’s approval.

These rules create an unfair marketplace for market participants (retail investors), who are forced to face the consequences of long-tail risks while the OCC repeatedly waives margin calls for Clearing Members by repeatedly reducing their margin requirements. For this reason, this rule proposal should be rejected and Clearing Members should be subject to strictly defined margin requirements as other investors are.

Please consider rejecting this proposal.

--- Jeff

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