May 15, 2024
Hello, The OCC recently proposed a rule change (SR-OCC-2024-001) that would allow them to reduce margin call requirements, by adjusting margin thresholds during periods of high market volatility. Even more recently, thousands of household investors around the world submitted their comments to oppose this rule change proposal, the SEC listened and is now going to throw it out. I want to express my gratitude to, and declare my stance with the SEC on this decision. I am hoping to get confirmation that this rule proposal is indeed being rejected. Will there be a declaration of rejection of this rule released to the media? When financial institution members of the clearing house are at risk of default when they can't meet their margin call obligations, those institutions should be allowed to fail for their high-risk endeavors. Any individual household would have to suffer the consequences of bad decisions - it should be no different for institutions.. Tax dollars should not be used to bail out these institutions. Without this proposed rule as a safeguard in place, Wall Street faces mounting pressure. If Margin Call thresholds are not adjusted, the institutions themselves will be forced to make less risky investment decisions, which will be better for everyone in the long run... Thank you for your time and interest in this matter, TLemm21 SoCal, USA