May 5, 2024
Hi there, I'm a retail investor who has just received word that this rule change has yet to be finalised and confirmed. I read that the SEC is providing notice of grounds for disapproval but that this has yet to be finalised. I just wanted to reach out in support of the SEC to disapprove this rule change for the betterment of the markets. We need to ensure our markets are appropriately capitalized and leveraged. We need to ensure there are consequences for over-leveraged companies seeking to make a dollar. As part of this, I hope that the SEC will take seriously their role in ensuring that: 1) Margin requirements are proportionate to the level of risk for Clearing Members, 2) Hold Clearing Members responsible for the decisions they make should their losses exceed deposits by ensuring they are identified and reprimanded sooner, 3) Enhanced public reporting so that transparency is highlighted as a key aspect of our markets and those interested in participating can participate fairly. Please stay strong in your commitment to disapprove this rule change and ensure Clearing Members are not putting our financial markets at risk. Kindest, Jarryd