Subject: SR-OCC-2024-001 34-99393
From: Daryl Whitmore
Affiliation:

Feb. 7, 2024

Do not pass this rule. Market volatility is not in my opinion due to margin calls. Margin calls are a result of improper management and lack of regulation of those responsible for over leveraging themselves. Support margin calls as a regulatory insurance that there are limits on leveraging and consequences for over leveraging. Your job is not to prevent market volatility but to instead support margin calls as a regulatory agent.