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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26-50 of 16148 signatures
Number Date Name Add a Comment
16123 Thu Mar 21 17:46:12 EDT 2013 Lucy Jackson
16122 Wed Mar 20 18:14:34 EDT 2013 Dennis DeMarinis
16121 Tue Mar 19 17:49:30 EDT 2013 Joan Jacobs Unreal
16120 Tue Mar 19 02:19:46 EDT 2013 Bethal Little
16119 Sun Mar 17 21:49:40 EDT 2013 Warren Hollingsworth
16118 Fri Mar 15 00:31:57 EDT 2013 D P
16117 Wed Mar 13 02:35:11 EDT 2013 louis salazar Control wallstreet!
16116 Tue Mar 12 18:43:38 EDT 2013 Michelle Michaels-Tyner
16115 Tue Mar 12 14:23:46 EDT 2013 Julie Ebersole
16114 Mon Mar 11 21:45:59 EDT 2013 Erica Coco
16113 Mon Mar 11 00:49:23 EDT 2013 Richard Robinson
16112 Sat Mar 09 21:39:55 EST 2013 E B
16111 Sat Mar 09 16:17:08 EST 2013 Jeremy Riegel
16110 Fri Mar 08 14:55:52 EST 2013 Neil Bleifeld
16109 Fri Mar 08 06:20:50 EST 2013 Gerald Hesch
16108 Fri Mar 08 00:56:24 EST 2013 Susan Yakutis
16107 Thu Mar 07 23:51:10 EST 2013 Sheri Nelson
16106 Thu Mar 07 21:18:26 EST 2013 Stephen Hassmer Dont sell out to Wall Street pressure. EVERY nation should regulate derivatives, & if there's no global enforcement plan, WE must regulate ALL derivatives trading entering US markets.
16105 Wed Mar 06 21:02:20 EST 2013 Susan Edelstein
16104 Wed Mar 06 19:06:05 EST 2013 Randy Nies
16103 Wed Mar 06 15:42:10 EST 2013 wilma meyers
16102 Wed Mar 06 15:04:35 EST 2013 Barbara Tse
16101 Wed Mar 06 01:12:35 EST 2013 Donald Evans
16100 Mon Mar 04 18:11:40 EST 2013 Karin Welsh
16099 Mon Mar 04 13:59:01 EST 2013 Denise Cameron
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