May 17, 2024
I am writing to express my profound dissatisfaction with the recently enacted SEC Rule SR-OCC-2024-001. As a concerned citizen and stakeholder in the financial markets, I find this regulation deeply flawed and potentially detrimental to the stability and fairness of our financial system. While designed to enhance risk management practices within the options clearing process, inadvertently introduces new avenues for market manipulation and interference with natural market forces. The rule's complex provisions and lack of transparency create fertile ground for abusive practices by sophisticated market participants seeking to manipulate prices and distort market dynamics for their own benefit. One of the primary concerns is the potential for regulatory arbitrage, wherein market participants exploit loopholes or ambiguities in the regulatory framework to manipulate options positions and disrupt the natural functioning of the market. By leveraging the intricacies of SR-OCC-2024-001 to obscure their trading activities or implement strategic maneuvers to counteract a negative events in their favor, bad actors could effectively halt or mitigate the upward momentum of stock supply shortages, depriving investors of their rightful gains and perpetuating market inefficiencies. In light of these concerns, I urge you to reject the implementation of SEC Rule SR-OCC-2024-001. Thank you for considering my views on this matter.