Comment Text:
10-002
COMMENT
CL-02931
From:
Sent:
To:
Subject:
walter@b ankovitch, com
Tuesday, April 13, 2010 11 : 19 AM
secretary
Proposed Speculative Position Limits on Energy
Walter Bankovitch
2213 Spaulding Ave
Berkeley, CA 94703-1601
April 13, 2010
David Stawick
Secretary, Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581
Dear Mr. Stawick:
Please regulate the oil futures markets in a way that will limit purchase
and sale of contracts by persons/entities who (e.g. airlines) do not have
a direct business need to lock in prices of large quantities of oil at
future dates. Those who trade these contracts purely for speculation and
profiteering ought to have strict limits placed upon them and should not
be able to trade these contracts on margin -- cash only!
Sincerely,
WalterJohn Bankovitch
5102959637
