On behalf of the U.S. Securities Market Coalition, OCC submitted this letter addressing two related proposals issued by the U.S. Department of Labor: the "Fiduciary Proposal" and the "BIC Exemption Proposal." OCC and the Coalition said these proposals would take away the current ability of investors to use exchange-traded or listed options in IRA accounts. The letter noted that almost 25 percent of volume (and perhaps even more) on U.S. options exchanges is attributable to individual investors; that IRA account owners are increasingly using listed options in their accounts with the ultimate goal of increasing their retirement savings, and; approximately 15 percent of individual investor volume currently comes from IRA accounts. OCC and the Coalition offered recommendations to the DOL proposals.