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Comment for General CFTC CFTC Staff to Host a Public Roundtable to Discuss the Proposed Volcker Rule

  • From: Jason Copping
    Organization(s):
    US citizen

    Comment No: 58239
    Date: 6/7/2012

    Comment Text:

    To Whom it May Concern:

    I would like to first thank you for your hard work and dedication to the country. Commissioner Gensler budget requests have led me to believe the CFTC will be understaffed. The commission showed concentrate on creating an environment of transparency for market participants to make sound informed decisions. CFTC should copy the Commerce and Labor Dept. where markets view the data and information provided by the departments as unbiased. The CFTC needs to create a structure where market participants cannot hide material information, such as the amount of leverage, with accounting gimmicks. If markets know an entity is leveraged 40 to 1 then markets will understand the risk. Again, thank you for your hard work.

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