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Comment for Proposed Rule 75 FR 70152

  • From: Gary DeWaal
    Organization(s):
    Newedge USA, LLC

    Comment No: 27174
    Date: 1/18/2011

    Comment Text:

    Newedge USA is pleased to submit the attached comment letter in connection with the CFTCs proposed rule regarding FCM Conflicts of interest (RIN 3038-AC96).

    Newedge USA applauds the CFTC's efforts in exploring ways to minimize such conflicts. However, as we describe herein, Newedge USA believes that certain of the provisions of the proposed rule need to be modified in several respects.