Subject: File No. SR-OCC-2024-001
From: Michael Taylor

I oppose this proposal as it gives easily misusable powers to an independent agency with no oversight. The primary beneficiary of this rule is the OCC itself who can protect themselves from bad bets made by their clients by lowering margin requirements according to secret criteria and opaque policies. This will increase risk in the market by encouraging more risk taking and not removing risk by allowing bad bets to go bust. It is a policy of increased market interference which will deteriorate the competitiveness and integrity of our market structure. Additionally the supporting evidence for this proposal is redacted. This cannot be the standard by which institutions govern themselves or define rules for global stock markets. I would support rule proposals that enhance transparency, external auditiing of SROs and their members, incentivize long-term investment instead of risk taking, and enforce margin position requirements. This rule is dangerous and cannot be allowed for the long-term health of the market.