Subject: SR-OCC-2024-001 34-100009
From: Boris DaBoris
Affiliation:

May 12, 2024

I would like to just comment on my support of the SEC's rejection of the proposed rule. The following quote, from someone else, succinctly points out the problem with the proposed rule: 


"Fundamentally, these rules create an unfair marketplace for other market participants, including retail investors, who are forced to face the consequences of long-tail risks while the OCC repeatedly waives margin calls for Clearing Members by repeatedly reducing their margin requirements. For this reason, this rule proposal should be rejected and Clearing Members should be subject to strictly defined margin requirements as other investors are. SEC approval of this proposed rule would perpetuate “rules for thee, but not for me” in our financial system against the SEC’s mission of maintaining fair markets."