May 14, 2024
I am writing to oppose rule change SR-OCC-2024-001, which would allow the OCC to reduce margin call requirements during high volatility events. If that rule is not consistent with the rules for household investors, it is hypocrisy to allow market makers to get away with it. It makes a mockery of the entire system of margin. And it exposes the economy to greater volatility if there isn’t as much margin available during the event that a MM defaults. Thank you, Henry Melville