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Comment for Proposed Rule 75 FR 67642

  • From: Gary DeWaal
    Organization(s):
    Newedge and MF Global

    Comment No: 26597
    Date: 12/2/2010

    Comment Text:

    Newedge and MF Global support rules requiring the prudent investment of customer funds. However, the CFTC's proposal fixes a problem that does not exist, and potentially creates other types of risks. Both companies, jointly, offer alternatives to the CFTC's proposal.