Feb. 8, 2024
To Whom It May Concern, Thank you for the opportunity to comment on SR-OCC2024-001 34-99393 entitled “Proposed Rule Change by The Options Clearing Corporation Concerning its Process for Adjusting Certain Parameters in its Proprietary System for Calculating Margin Requirements During Periods When the Products it Clears and the Markets it Serves Experience High Volatility”. I HIGHLY OPPOSE THIS PROPOSAL AND DO NOT SUPPORT IT’S APPROVAL. It is my opinion that “Too Big To Fail” should never be a thing in society as a whole or in the stock market. Every participant in the market should be treated fairly and held accountable for their willing acts/decisions - especially leverage trading - without bail outs as an option. My research on the purpose of the Securities and Exchange Commission (S.E.C.) stated that it is “to promote fair dealing, disclosure of important market information and to prevent fraud”. The SEC has a mission statement “to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The passing of this rule would not be in alignment with the SEC,s stated purpose or mission statement and therefore should not be approved. As stated above, I HIGHLY OPPOSE THIS PROPOSAL (SR- OCC2024-001 34-99393) AND DO NOT SUPPORT IT’S APPROVAL. Sincerely, Concerned Investor