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

Feb. 20, 2024

To Whomever It May Concern,

I hope you're well. I'm writing to say I strongly disagree with rule SR-OCC-2024-001. It aims to guide adjustments during market volatility, but the lack of transparency, secretive controls, and potential risks worry me. The rule grants too much power to one person and could reduce margin call requirements without clear rules.

There's also an issue with public input – it's lacking, making the rule-making process seem unfair. I suggest improvements like enforcing margin rules, external audits, involving the public, and more transparency. These changes are vital for trust and stability in our financial markets.

In conclusion, I really oppose adopting rule SR-OCC-2024-001 as it is now. Let's take a careful look at it again.

Thank you for your attention to this matter.

Sincerely,

Blake Sellers, 303-681-7374