Jan. 29, 2024
I do not support this approval. Reject it, stop taking bribes from financial institutions, and start protecting retail investors. How dare you have redacted sections when seeking approval for something of this magnitude. Margin Requirement failures are a risk management failure, and those that took too much risk should fail. Stop trying to help financial institutions regulate their way to victory. Whoever supports the passing of this measure belongs in jail. 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.