Feb. 8, 2024
Thank you for the opportunity to comment on SR-OCC-2024-001 34-99393 entitled "Proposed Rule Change by The Options Clearing Corporation Concerning Its Process for Adjusting Certain Parameters in its Proprietary System for Calculating Margin Requirements During Periods When the Products it Clears and the Markets it Serves Experience High Volatility." I am writing to express my concerns regarding the proposed rule change (SR-OCC-2024-001 34-99393), which I believe could have a significant negative impact on retail traders and investors. The Proposed changes could lead to an increase in market manipulation, as it would make it easier for large institutions to manipulate the market, a great disadvantage for retail investors. Additionally, the proposed changes could end transparency in the market, making it more difficult for retail investors to make informed decisions about their investments. This lack of transparency could also make it easier for large investors to take advantage of retail investors. Possibly, the changes could result in increased costs detrimental for retail investors, as they may need to pay more for access to market data and other information that is currently available for little to no cost. Also, this would make it difficult for retail investors to compete with large institutional investors. Finally, the proposed changes could reduce competition in the market, as smaller market participants may be unable to compete with larger institutional investors. I would request the SEC to reconsider and review the potential consequences of the proposed changes and take the necessary steps to ensure that the interests of all market participants are protected. Sincerely, Leonordo Parker