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Comment for General CFTC Request for Comment on the Impact of Affiliations of Certain CFTC-Regulated Entities

  • From: Household Investor
    Organization(s):
    Individual

    Comment No: 72956
    Date: 8/26/2023

    Comment Text:

    This is a bad idea that should be the rejected.

    Vertical integration will only increase inappropriate behavior and risk.
    None of these companies are inherently trustworthy.
    The cozy relationships and revolving doors between regulators and regulated are bad enough as it is.

    Markets need trust above all else.
    Transparency, reporting, and serious consequences including disbarment from market participation are much more needed than increasing over-concentration of market power in the name of efficiency, which is used in actuality to game what should be a fair market.

    This proposal should be rejected. The fact that it got this far is another stain on the bib of this regulatory body.

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