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Comment for Proposed Rule 76 FR 4752

  • From: Alan R Altman

    Comment No: 27381
    Date: 1/26/2011

    Comment Text:

    I am disappointed that the position limit level was set so high as to be virtually ineffective, especially in the Silver market, allegedly manipulated by one or more large US banks. What good is reform if the reform enacted is ineffective? It appears that the CFTC has bowed to the power of the CME and the banks that pay fees for business with the CME. In addition, your latest Silver manipulation investigation proceeds glacially to the distress of many traders in the metals markets. You could and should do better than this.

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