Jan. 25, 2024
Dear member of the SEC, First of all, thank for your time and attention to this matter. This rule seems designed to protect bad bets. By not allowing margin calls to occur, it allows these bad bets to grow larger and larger creating potentially even bigger concerns for when putting the thumb on the scale just won't work. The FRM Officer seems to have an inherent conflict of interest--they want to protect OCC and its interest over the wider risk to the overall market these bad bets represent. All the pertinent materials to further evaluate this rule are REDACTED--how can anyone truly judge if this proposal is effective or not? With appreciation, Ms. Doris Tan