Subject: Strong Opposition to Proposed Rule SR-OCC-2024-001 - The Exposed Threat of Margin Erosion and Risk Escalation
From: Brandon Smith
Affiliation:

Feb. 12, 2024

Hi, 

      I hope this email finds you well. I am a concerned participant in the US financial markets and a supporter of transparent, competitive, and simple market practices. I am writing to express my firm opposition to the proposed rule SR-OCC-2024-001. The OCC's proposed process for making adjustments during high volatility periods lacks any transparency that is anti-competitive and unneccessarily complex. Instead, the OCC should be strengthening and enforcing margin requirements with an external auditor that's 100% transparent.



Best, 
Dr. Brandon Smith 
Retail Investor