Feb. 9, 2024
I'm writing regarding the proposed rule change in SR-OCC-2024-001 34-99393, "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." My concerns: Lack of transparency in the proposal. Blaming U.S. regulators instead of taking responsibility. Unfair advantage created by the proposal's risk management approach. Proposed changes: Ensure margin requirements reflect actual risks. Introduce independent oversight. Prioritize protecting investors and financial resources. If this rule change is approved It is not going to make markets any fairer, which it has not been since the beginning. Retail investors have always had a disadvantage and when it seems they may have an advantage in some aspect of the market due to the market makers in some type of financial trouble the rules always are changed to assist them or kick the can down the road. There should be a big reset which is obvious to many people. Thanks for considering my input. Sincerely, Esmeralda G Sent from Yahoo Mail for iPhone