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Comment for General CFTC Net Position Changes Data Reports

  • From: ja sto
    Organization(s):
    na

    Comment No: 47720
    Date: 7/5/2011

    Comment Text:

    Its a start. We need the data to be on a rolling continuous basis for it to have lasting meaning, a one time report is limited in its usefulness. NO wall street firm should be privy to this information over the common man doing business and trying to protect his assets over time. Wall st firms should NOT be able to use data and information regarding retail investors while retail investors are being traded against by wall street firms because the firms have much more info about retail investors' stop losses, buy and or sell orders, etc. Large positions formed by wall st firms taken against their own customers, or the common retail investors are manipulative and unfair, and are based on an unequal amount of knowledge that is priveleged to the firms, and kept hidden or distortedly reported to the common retail investor. This great country of ours is losing face, credibility, and importance around the world. This is unfair and will ruin and anihilate the markets as they have not been free markets for years now. STOP the unfair influence of the 80% of trades that dont matter from one day to the next day, and INCREASE the influence of the investments that are made in trades in earnest and you will have done something to restore this great country of ours to a free market, instead of embroiling it into a never ending abyss of a FEE market borne from and controlled by the firms with more money and influence and data and information than the common investor ever sees or is aware of, and STOP the ability of large firms to trade and move money around simply for profits instead of being based on material interests in relation to the commodity being traded.

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