May 15, 2024
I am writing to support the SEC's decision to reject the SR-OCC-2024-001 rule to allow adjustment of margin thresholds for clearing members during high market volatility. Margin limits are established exactly to set limits to the amount that a member may default during periods of stress. Providing the ability for a SRO to waive them at their own discretion (without providing any insight into how they are calculated) is denying transparency to investors and further encouraging OCC members to take on more and more risky bets. As an individual investor, I expect that good investments pay off, and bad investments must also be paid off. Allowing OCC members to be waived of the consequences of "bad bets" while reaping the benefits of their "good bets" encourages risky behavior and is "privatizing the profits and socializing the losses". Thank you for continuing to fight for free, fair, and transparent markets. Again, I support the SEC's rejection of SR-OCC-2024-0134-100009 . Sincerely, John Parker 712 W Wonderview Dr Dunlap, IL 61525