Comment Text:
I firmly take the perspective of Chairman Christy Romero's comment posted at the following link.
https://www.cftc.gov/PressRoom/SpeechesTestimony/romerostatement062823
Time and time again the CFTC, as well as other regulatory agencies, have went to bat for criminal wall street. Looking past gross breaches of rules, regulations, laws, and going as far to hide data from the public and be complicit in wall st crimes. All this proposal does is try to legalize illegal practices and further prove the cftc is in bed with wall st institutions. PLEASE DO YOUR JOB AND ACTUALLY HOLD THESE PEOPLE ACCOUNTABLE. This new regulatory proposal is deplorable, immoral, and wrong. This proposal should NOT be implemented. HOLD WALL ST AND THE LIKE ACCOUNTABLE FOR THEIR CRIMES, MANIPULATION, AND FRAUD.
This new regulatory proposal should not be implemented in any fashion, and only serves to hand over more power to clearinghouses, eliminate their competition, and allow them to make more money through poor trade fulfillment and questionable margin requirements or structure, at the expense of additional risk, contagion, and cascading losses that investors and customers will ultimately take the losses for.
