Comment Text:
i0-001
COMMENT
CL-00096
From:
Sent:
To:
Subject:
Barry Sullivan
Friday, January 15, 2010 2:54 PM
secretary
Regulation of Retail Forex
We believe this is a good start in reducing the speculation in the commodities markets where it concerns products
(oil and distillates ) the consuming public regard as vital to their day to day existence. The outsized daily price
movements cause financial havoc within household budgets which affect consumer spending/behavior and have
a negative affect on the broader economy. The importance of this is magnified by this prolonged economic down
turn and the resulting 17 percent unemployment/underemployment rate.
I would respectfully suggest that you should more severely restrict those participants in these vital markets that
are trading solely for the purpose of financial gain (i.e. pension funds, hedge funds, institutions, banks )and are
not end users in quantity of these products and have no intention of taking physical possession of the product.
Respectfully,
Barry and Sarah Sullivan
Ararat, N C
336-374-3643
