Subject: SR-OCC-2024-001
From: Chad Nelson
Affiliation:

Jan. 22, 2024

Regarding the subject rule, I think this would be a horribly bad idea. By implementing this rule, you're allowing entities to be protected from making bad "bets." By not allowing margin calls to occur, it allows these bad bets get larger with no repercussions, which ultimately just kicks the can further down the road. As an individual, if I make a bad bet, I have to pay. It should be the same way no matter how large the institution. 


Thank you, 
Chad Nelson