Mar. 1, 2024
To those at the SEC, I will make this very short. Margin requirements are put in place as a safety measure to ensure that market players do not take risks that they cannot manage if they go south. If times of volatility are enough to cause cascading margin calls then the players are taking risks that they cannot afford. They do not have the collateral to make those plays. If market players are taking extreme, uncollateralized risks with margin requirements in place, imagine what they will do with waivers and reduced requirements. Do not remove the guard rails on an icy road because cars keep crashing into them. The drivers need to use more caution. Perhaps an officer with a radar gun could ensure they drive the speed limit.... Thank you.