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.

Spread the Word


share on Facebook


Join Our Social Networks

This petition is no longer active.
151-175 of 16148 signatures
Number Date Name Add a Comment
15998 Mon Feb 18 17:18:14 EST 2013 James Goldstein
15997 Mon Feb 18 17:05:27 EST 2013 Maroulitsa Buffington
15996 Mon Feb 18 16:29:13 EST 2013 Allen Broadman
15995 Mon Feb 18 16:27:38 EST 2013 Nicole Arbabzadeh
15994 Mon Feb 18 15:26:04 EST 2013 George Maslyar
15993 Mon Feb 18 14:18:30 EST 2013 Elmer Hill
15992 Mon Feb 18 13:03:57 EST 2013 Daniel Senic
15991 Mon Feb 18 11:49:50 EST 2013 Jodi Abel
15990 Mon Feb 18 11:25:12 EST 2013 Mike Ford
15989 Mon Feb 18 06:37:00 EST 2013 Anonymous
15988 Mon Feb 18 03:34:01 EST 2013 Ronald Sverdlove
15987 Mon Feb 18 02:38:17 EST 2013 B. Thomas Diener
15986 Mon Feb 18 01:50:50 EST 2013 Susan Keiraleyn, Ph.D.
15985 Mon Feb 18 00:19:49 EST 2013 Margaret Sellers
15984 Mon Feb 18 00:02:54 EST 2013 douglas shatterly Jr.
15983 Sun Feb 17 22:30:18 EST 2013 Mary Sharp Davis
15982 Sun Feb 17 21:35:55 EST 2013 Gerri Meyer
15981 Sun Feb 17 21:33:48 EST 2013 Lisa Iguchi
15980 Sun Feb 17 21:23:30 EST 2013 Robert and Mary Place
15979 Sun Feb 17 19:34:34 EST 2013 Christopher Bush
15978 Sun Feb 17 19:28:52 EST 2013 Evelyn Fraser
15977 Sun Feb 17 18:19:33 EST 2013 Tom Cannon
15976 Sun Feb 17 17:11:50 EST 2013 Joel Kay
15975 Sun Feb 17 16:50:41 EST 2013 Kathe Gardenias
15974 Sun Feb 17 16:41:29 EST 2013 carla gilbert
<- Prev Next ->