Comment Text:
Madam/Gentlemen
I recently received correspondence from my Senatorial Representative, Mr. Bill Nelson expressing his concerns with the inflationary affects of commodities trading and their impacts on the rising costs of many of the commodities used each day by consumers. I wish to make you aware that I share Senator Nelson's concerns and have been wondering for many years, just why your commission has taken absolutely no action to to protect the United States or its Citizens from the hazards of inflation brought about by trading speculators.
Seems that this problem would be very simple to resolve by decreasing the percentage amount to be leveraged per trade. Instead of allowing the Trader to put up 1/20th of his on funds per trade require him to instead put up 25 or 50 percent of his personal funds per trade. I'm sure such a requirement will greatly reduce the minute by minute or hourly fluctuations in commodity prices.
Your Commission is not only answerable to the Federal Government and Wall Street, or so it seems, but to the the Citizens of these United States as well. We are anxious for you to begin to oversee our well being as well as the well being of those employed by Wall Street Firms.
Sincerely,
John Giddens
Estero, Fl
[email protected]
