Comment Text:
My esteemed commissioners,
Futures markets are there to balance profits for those of us in this country that produce what the rest of us use everyday. The buyers and sellers are supposed to get predictability out of futures markets, meaning when the final product gets to the public, it's at a consistent, reasonable price. Speculating on these markets is gambling. It brings in lots of money when it is done well, but that "bringing in" to the gambler, means taking away from everyone else in the market.
For the good of this country, whose economy could use some balance, please consider position limits to discourage such gambling. I am aware that some limits have been enacted very shortly after the crash in 2008, but I beg of you, please work to enforce serious limits that aren't bowing to the powerful firms behind the gambling.
You have the power to regulate in a way that produces nice headlines, but does not lead to real substantive changes. You also have the power to discourage these 'investors' from using the futures market to destabilize prices, the exact opposite of what they are intended to do. I trust you will do what is best for all of us.
Thank you for your attention, and your service to this great country,
Alexander Conrad, MBA
American
[email protected]
914-610-0614
