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Comment for Proposed Rule 76 FR 71626

  • From: phil

    Comment No: 57359
    Date: 4/11/2012

    Comment Text:

    Dear CFTC,

    I feel you are working too close with Wall street traders and you seem to be waiting too long to implement new law on futures trading as per oil. A commodity such as this should have never be put on the

    Market for futures trading oil trading for futures should now be removed as it was before Regan changed the playing field by allow trading of oil that runs our economy and moves it forward. Oil prices in this country

    Has ruined the economy over the last 10 years when the future traders figured out a way to keep price high and low just to make money for themselves. They don’t create jobs for our economy and should be

    Restricted from trading in future in oil. No one at your CFTC seems to have any common sense to push the laws forward. As of now these traders cannot hide behind supply and demand they don’t even use the oil

    That they hold its all on paper. Does anyone on your staff have a brain. Its seem all government jobs in this economy forget they are service the taxpayer etc. not wall street.

    Get off your butts and do something now about oil futures if you kill the economy again you will loose your jobs.

    Thank you,


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