Feb. 8, 2024
To whom this may concern, My name is Jesus Hughes and I vote no to this rule proposal for the following reasons: 1. It does not help in any risk control, it just temporarily contains it and adds to it in the long term. 2. It creates a greater systemic risk for the future 3. This also encourages bad behavior, this encourages many people to live in the risk area because they know if the criteria is net they will be saved and place riskier bets Instead of this rule, update margin requirements to need more collateral. In your document you mention there is a 99% shortfall. This is what needs to change and for these reasons, once again, I vote no to this rule proposal Thank you, Jesus Hughes