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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126-150 of 16148 signatures
Number Date Name Add a Comment
16023 Tue Feb 19 19:45:42 EST 2013 virginia greenwald
16022 Tue Feb 19 17:59:33 EST 2013 TRERRY TROTTER
16021 Tue Feb 19 17:52:18 EST 2013 Anonymous Close the loopholes! Savw the nation!
16020 Tue Feb 19 17:07:07 EST 2013 Ian Bosserman
16019 Tue Feb 19 17:00:48 EST 2013 John Berman
16018 Tue Feb 19 16:57:49 EST 2013 Steven Schafer
16017 Tue Feb 19 14:39:18 EST 2013 Jelica Roland
16016 Tue Feb 19 14:17:56 EST 2013 Ramona Maiolino
16015 Tue Feb 19 13:47:41 EST 2013 Tom Girard
16014 Tue Feb 19 10:45:15 EST 2013 anne hammond
16013 Tue Feb 19 05:21:29 EST 2013 Anonymous
16012 Mon Feb 18 23:10:21 EST 2013 Lawrence Magliola
16011 Mon Feb 18 23:10:13 EST 2013 Remy Gessinger GREED IS GOOD TO QUOTE PAUL RYAN WHOSE FAVORITE PERSON WAS OR IS IYAN RAND, A KNOWN FASCIST WHO ALSO SAID ALTRUISM IS BAD AND SO IT GOES WITH CONGRESS AND THE UNBRIDLED GREED OF WALLSTREET.
16010 Mon Feb 18 22:36:20 EST 2013 taylore sinclaire
16009 Mon Feb 18 22:25:57 EST 2013 Gary Bridges
16008 Mon Feb 18 22:23:58 EST 2013 Beatrice Birch
16007 Mon Feb 18 21:01:49 EST 2013 Glen Anderson Serve the BROAD PUBLIC INTEREST, not the greedy 1% who crashed our economy!!!!!!!!!!!
16006 Mon Feb 18 21:01:24 EST 2013 Daniel Klein
16005 Mon Feb 18 20:56:16 EST 2013 Jean Naples
16004 Mon Feb 18 20:20:33 EST 2013 LAURIE LAGOE
16003 Mon Feb 18 20:02:03 EST 2013 Matt Harney
16002 Mon Feb 18 18:55:43 EST 2013 Loren Sterman
16001 Mon Feb 18 18:30:09 EST 2013 Carol Ann Brady
16000 Mon Feb 18 18:11:09 EST 2013 William Parr
15999 Mon Feb 18 17:46:11 EST 2013 Josh Swink
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