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Comment for Proposed Rule 75 FR 3281

  • From: Frank Valaek
    Organization(s):

    Comment No: 7993
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07993
    From:
    Sent:
    To:
    Subject:
    Frank Valasek
    Tuesday, March 16, 2010 4:31 PM
    secretary
    I am in opposition to imposing 10:1 leverage limits on OTC FOREX
    traders!!!!!!!!! I strongly urge the CFTC to impose AND ENFORCE strict
    position limits on commercial traders ( read JP Morgan et al) in the
    commodity futures markets!!!!!!!!!!!!!!!!!!!! It is becoming increasingly
    clear to traders worldwide that the manipulation of the precious metals
    markets on the COMEX by a handful of large institutions is a crime in
    progress aided and abeted by the U.S. government. Please stop the
    insanity before it is too late!!!!!!!!!!!!!!! Thank you!