Feb. 7, 2024
To whom it may concern, This new rule proposal is greatly concerning! As I understand it the proposed rule would REDUCE margin requirements during periods of high volatility to protect the market. How could that possibly make sense? The SEC and others are meant to be monitoring and regulating the market. If there is an entity that has gathered so much margin that the risk of them having to be margin called can risk the market, then the regulators are not doing their jobs. If they take out an investment on margin they ought to be required to put up the agreed upon margin increases or close their position. I understand there is a lot of money and powerful people pushing for this rule, but if it is allowed to pass then it is not hyperbole to state that it is obvious that not only are the ones wishing for this rule corrupt and dangerous, but the regulators are not only useless but are actively working to cause harm. This falls on the regulators harder than the abusers. Of course these entities want to do everything in their power to prevent loosing money, but the regulators working to ensure this happens are truly dispicable. please please oppose this new rule. As an American and as an investor in American markets, the passage of this rule will solidify the fall of the US as a trusted place to invest money. Thank you and please do what is right for the country, not doners and the ultra wealthy trying to cheat once again.