May 17, 2024
Dear SEC, I agree with the rejection of SR-OCC-2024-001 - and support the reasons for the dismissal as outlined on pages 4-5 of the Federal Register. I wish to convey my firm support for a fair and equitable market, guided by clearing agencies committed to ensuring the accurate clearance and settlement of securities and derivative agreements, contracts, and transactions. The proposed rule would significantly disrupt market operations to the detriment of OCC members' counterparties. It would effectively grant OCC members the latitude to assume excessive risks in pursuit of profits, as they would be exempt from margin requirements if their speculative ventures fail. Such a measure would undermine market fairness, allowing OCC members to operate without accountability. The market's primary purpose is to facilitate connections between investors and companies, fostering mutual growth and stability. However, it has increasingly been distorted to favor intermediaries who profit at the expense of the broader investing public. While this assessment may appear blunt, it accurately reflects the potential consequences of the current state of the market. As such, I agree with the rejection of this rule and support your initiative in doing so, as well as your other efforts aimed at making the markets better for all investors and companies involved. Thank you for upholding the integrity of our financial markets, A dedicated household investor. -- Fercea Victor - George 0756514804 victorfercea@gmail.com