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Comment for Proposed Rule 76 FR 4752

  • From: Richard A. Thompson
    Organization(s):
    none

    Comment No: 28716
    Date: 2/24/2011

    Comment Text:

    Allowing anyone to sell unlimited amounts of product without owning that product is unconscionable. If regulatory agencies refuse to monitor and apply common sense limits, let alone lawful limits, why do we have such agencies? There are indications that the CFTC is willing to take action to prevent the abuse that has transpired. I would suggest that a1500 contract limit is sufficient for legitimate forward hedging.

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