May 17, 2024
I am writing to share my concerns about the potential impact of SEC Rule SR-OCC-2024-001 on market manipulation. SR-OCC-2024-001, intended to enhance risk management in options clearing, could inadvertently provide opportunities for manipulation. The rule's complexity may be exploited by sophisticated actors to manipulate market prices and interfere with the natural dynamics of a supply and demand event. One concern is that the rule's intricacies could be used to obscure manipulative activities or to implement strategic maneuvers aimed at suppressing short squeezes. This could prevent retail investors from realizing the full potential of their investments and disrupt market fairness. I.E as soon as the tides have turned against their favor they can just change the rules that investors have been forced to play by for decades. Additionally, the lack of robust surveillance and enforcement mechanisms under SR-OCC-2024-001 increases the risk of manipulative activities going undetected or inadequately addressed by regulators, exacerbating the potential for harm to investors and market stability. I urge you to reject the implementation of SR-OCC-2024-001 on market manipulation risks.. It is essential to take proactive measures to strengthen oversight and ensure the integrity of our financial markets. Thank you for considering my concerns.