Mar. 1, 2024
Hello, I am writing to you from Canada, as I invest almost half of my money in the american market. Thank you for this opportunity to voice my comments. I am opposed to the implementation of SR-OCC-2024-001. I am concerned about market transparency, I've been more and more invested in looking at how markets function recently, and I'm growing concerned about this proposal as it would allow a few people to choose who can avoid margin requirements. The proposed rule change could inadvertently incentivize speculative behavior and undermine the resilience of our financial ecosystem. Secondly, the proposal's supporting evidence, particularly regarding the calculation of margin thresholds, is troublingly redacted. This lack of disclosure undermines the principles of transparency and accountability that are crucial in regulatory frameworks. As stakeholders, including retail investors, we require detailed information on how these adjustments will be made to ensure fair and equitable treatment of all market participants. In short, clear & well-defined guidelines are essential for maintaining market confidence and preventing abuse. I trust that the SEC will take appropriate actions to address the potential risks associated with this rule. The world is watching. Thank you for your time, -- --