Comment Text:
Dear commission I've been unemployed for almost five years and living on low income and have no cash CFTC puts accuracy In general, the Commodity Exchange Act (CEA) and CFTC regulations do not restrict the offer or sale of foreign exchange-traded futures and commodity option products to customers located in the U.S. (61 Fed. Reg.10891). Special procedures do apply, however, to the offer or sale of security index and foreign government debt products. These procedures are outlined below. Please note that these procedures do not apply to foreign exchange-traded security futures products, including futures or futures options on narrow-based security indices, as defined in Section 1a(35) of the CEA. Foreign exchange-traded security futures products generally may only be offered or sold to certain sophisticated customers located in the U.S. pursuant to an Order issued by the U.S. Securities and Exchange Commission (SEC) and an Advisory issued by the CFTC’s Division of Clearing and Intermediary Oversight (DCIO). (See CEA Section 2(a)(1)(E) and CEA Section 2(a)(1)(F)).The lack of transparent accounting standards in some nations has been cited as increasing the difficulty of doing business in them. In particular, the Asian financial meltdown in the late 1990s has been partially attributed due to the lack of detailed accounting standards. Giant firms in some Asian countries were able to take advantage of their poorly devised accounting standards to cover up immense debts and losses, which yielded a collective effect that eventually led the whole region into financial crisis.
