Mar. 3, 2024
Dear Securities and Exhange Commission, This proposed rule change requires revision in order to safeguard the integrity and stability of our financial markets. This proposed rule seeks to protect the few against the many. It is of enormous importance to enforce sufficient and strictly defined margin requirements for Clearing Members. If Clearing Members are unable to meet margin call, the parameters must remain unchanged. Transparency, external auditing, and both true fair play and the perception of fair play for all market participants (not just the few or the insiders or those with access) are paramount to maintaining trust and confidence in the financial system. I do hope that ensuring the soundness and resilience of our financial markets is at the forefront of your decision making. Sincerely, Jonathan Kasen, Esq.