Feb. 13, 2024
I am writing in response to the proposed ruling file number: SR-OCC-2024-001 34-99393. I wish to express my utmost objection to such a rule being past. I see this simply as another way of once again give these corrupt Hedge fund and mutual investment firms as well as banks, to get out of their obligated margin requirements, and off the hook once again in times of market volatility, where margins would need to be increased to hold positions as well as meet current margin requirements. I am appaled at what I have witnessed in multiple stocks Daily on the NYSE, where orders are routed through dark pools, in doing do not allowing ture price of a given stock to be reflected and reported on the NYSE. Also in doing so, these companies time after time also front run orders and make money, using payment for order flow. This makes me sick to the pit of my stomach, and most of the people in positions today, lived through the dot com and where in roles in the financial sector where 2008 occurred. The system is at breaking point, and some of the top companies are working on leverage of 1% based off exposure on positions held! How can this be allowed?. You owe it to the American and international people, invested in the NYSE, to hold these companies and Hedges funds accountable. They are the ones who caused the 2008 crash and were bailed out with tax payers money, and again they are expected to have billions, if not trillions wiped off yet again now. Why? All because of what the government done for them in 2008. Passing such a rule would lose any hope I would have or trust in the financial system, as well as loss of trust. This rule cannot be allowed to pass! I know it, you know it, as well as millions of other investors. So do the right thing for once and throw out this proposal. Regards Michael.