Subject: Comments on SR-OCC-2024-001 34-99393
From: Freddy Lo
Affiliation:

Jan. 31, 2024

There are several primary concerns regarding the proposed rule
alteration. The first concern revolves around the modification of
margin requirements for volatile stocks. The aim is to prevent
clearing members from defaulting, which could potentially lead to a
systemic crisis. The second concern pertains to the perceived lack of
transparency in the proposal, which appears to unfairly favor clearing
members over other investors. Furthermore, the post criticizes the OCC
for being self-regulatory while also blaming regulators for not
providing sufficient protection. Lastly, I strongly disagree and
oppose this proposed ruling.