Don’t Let Wall Street Offshore Its Recklessness

Urge the Commodity Futures Trading Commission to Keep Risky Derivatives Trades in Check, No Matter Where They Occur

Some of Wall Street’s most reckless and risky gambling occurs in the global derivatives market.

The Commodity Futures Trading Commission (CFTC) is readying to crack down on this reckless gambling – but Wall Street lobbyists are demanding loopholes that will make the new regulations virtually meaningless.

CFTC commissioners wrote strong rules to prevent Wall Street from engaging in risky transactions that could jeopardize our country’s financial security, no matter where in the world those transactions happen. But Wall Street – with help from foreign banks and foreign regulators – is pushing for rules that would, in effect, limit the scope of US enforcement to derivatives traders physically based in this country.

This would create a giant loophole that would encourage banks – the biggest of which already have major operations outside of the U.S. – to move transactions offshore to escape regulation.

Urge the CFTC to oppose Wall Street’s recklessness-offshoring loophole.

Petition to the Commodity Futures Trading Commission

 

We, the undersigned, urge you to stand up for rules that apply the transparency and safety requirements of the Dodd-Frank Wall Street reform act to ALL derivatives transactions relevant to U.S. markets, regardless of whether these transactions are routed through a foreign subsidiary or entity.

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101-125 of 16148 signatures
Number Date Name Add a Comment
16048 Thu Feb 21 20:45:49 EST 2013 Mark Snyder
16047 Thu Feb 21 19:37:23 EST 2013 David Hand
16046 Thu Feb 21 18:38:19 EST 2013 Michele Le Blanc I believe in moderation, and so should you.
16045 Thu Feb 21 17:05:28 EST 2013 Paul Kingsolver
16044 Thu Feb 21 16:27:58 EST 2013 Erik McWilliams
16043 Thu Feb 21 15:00:23 EST 2013 Jelica Roland
16042 Thu Feb 21 12:24:31 EST 2013 Meredith West
16041 Thu Feb 21 11:46:39 EST 2013 Douglas & Irene Best Definitely close all the loopholes. Why do the people who make so much less money then these robbers have to pay all their taxes and these jerks get away with it. They have to pay their share and do More....
16040 Thu Feb 21 10:41:43 EST 2013 Elizabeth gutman
16039 Thu Feb 21 09:03:54 EST 2013 William Kapaldo
16038 Wed Feb 20 22:40:12 EST 2013 virginia thorne
16037 Wed Feb 20 20:42:19 EST 2013 Paul Madarasz
16036 Wed Feb 20 15:38:40 EST 2013 Nick Rodin
16035 Wed Feb 20 15:28:23 EST 2013 Mark Gorman If you made the money on or in the US, then you should pay taxes in the US.
16034 Wed Feb 20 15:09:46 EST 2013 Ana Alvarez Close all the loopholes. Enough is enough. Bank robbers go to prison for robbing banks and Wall Street robbed the people and the country and they are still doing it and they are free. They need to be charged More....
16033 Wed Feb 20 14:39:15 EST 2013 Tori Johnston
16032 Wed Feb 20 12:54:05 EST 2013 cheryl branch
16031 Wed Feb 20 12:27:42 EST 2013 Amanda Hayes
16030 Wed Feb 20 12:11:11 EST 2013 Mike Stone
16029 Wed Feb 20 06:42:26 EST 2013 David Kaskowitz
16028 Wed Feb 20 06:31:20 EST 2013 Michael Wortham
16027 Wed Feb 20 05:10:59 EST 2013 Danette Kotzke
16026 Wed Feb 20 01:15:48 EST 2013 Scott Henry
16025 Tue Feb 19 21:52:26 EST 2013 Nick Hood
16024 Tue Feb 19 21:20:29 EST 2013 Kevin Silas
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