Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 77 FR 41213

  • From: Clayton B. Hinman
    Organization(s):
    None

    Comment No: 58482
    Date: 8/27/2012

    Comment Text:

    Derivatives are a financial instrument that was intentionally created with the thought in mind of being so complicated that buyers would have a difficult time of determining what was worthwhile and what wasn't. They are complex and convoluted enough that adequate supervisions by the regulators is a slow, unwieldily, and arduous process. Not only did they intentionally set out to deceived regulators and buyers alike, but we saw a series of moves to defund regulators.

    This is more offensive than insider trading. I implore you to fix this problem and do your job.

Edit
No records to display.