Comment for Proposed Rule 76 FR 4752
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From:
Jeffrey L.Hill
Organization(s):
Comment No:
49866
Date:
10/13/2011
Comment Text:
To the Commodity Futures Trading Commission:
My United States Senator has brought it to my attention that the
Commodity Futures Trading Commission has the power and the authority to
stop the manipulation of commodities prices. On any given day about
half of the oil futures contracts are bought and sold by traders instead
of the companies that use oil. Clearly this is excessive participation
on the part of traders. Please stop listening to Wall Street lobbyists
and establish procedures to stop speculators from interfering with the
price of food and energy. Your utmost attention should be devoted to
impose meaningful position limits.
Sincerely,
Jeffrey L. Hill
14551 Camberwell Lane North
Jacksonville FL 32258-1739
