Feb. 3, 2024
To Whom It May Concern, As a market participant who is negatively impacted by its failings, I express staunch opposition to the proposal SR-OCC-2024-001. Proposal SR-OCC-2024-001 is a threat to security fail-safes within the financial system. Margin requirements exist for the express purpose of preventing the destabilization of the market by ensuring positions have adequate collateral in the scenario they lose value. Subsequently it is only logical that in times of volatility margin requirements are increased to account for the increased risk that margin is consumed before a margin call can be resolved. To decrease margin requirements because investing entities cannot meet margin requirements eliminates the entire purpose of those requirements. An inability to meet margin requirements, whether as a result of increased margin requirements caused by increased volatility or otherwise, should be acknowledged as an evident indicator a position is simply too risky to market stability for responsible permittance. Ignoring this warning because it is fiscally inconvenient is the definition of short-sighted greed reminiscent of the 2008 real-estate crash when the excessive risk of creditors was overlooked in favor of financial gain. I appeal to the ethical obligation of the Securities Exchange Commission to protect investors and prevent market abuse by recommending the rejection of proposal SR-OCC-2024-001. Best Regards, Kai J.