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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76-100 of 16148 signatures
Number Date Name Add a Comment
16073 Tue Feb 26 10:36:47 EST 2013 Sean Patrick
16072 Mon Feb 25 22:07:59 EST 2013 Rita Valent
16071 Mon Feb 25 20:34:38 EST 2013 Christine Bassett
16070 Mon Feb 25 15:39:35 EST 2013 June
16069 Mon Feb 25 11:37:31 EST 2013 David and Ann Cordero
16068 Sun Feb 24 21:34:53 EST 2013 philip Chanen
16067 Sun Feb 24 19:41:41 EST 2013 William Collins
16066 Sun Feb 24 13:46:57 EST 2013 Irena Jankunas
16065 Sun Feb 24 10:02:33 EST 2013 MaryEllen Boudman The safety of our finances requires INTEGRITY!
16064 Sat Feb 23 21:22:46 EST 2013 Robert Ogden Enough already! Do the right thing and help us put this country back together. Thank you.
16063 Sat Feb 23 21:22:13 EST 2013 Diane LaMagdeleine
16062 Sat Feb 23 20:37:23 EST 2013 Rodrigo Dominguez
16061 Sat Feb 23 16:31:18 EST 2013 Anonymous
16060 Sat Feb 23 14:47:23 EST 2013 Mark Haasis
16059 Sat Feb 23 13:47:02 EST 2013 Michael Quinn
16058 Sat Feb 23 11:25:11 EST 2013 Henry Ickes
16057 Fri Feb 22 21:44:55 EST 2013 Rita Lethert
16056 Fri Feb 22 21:36:47 EST 2013 Claire Tiernan
16055 Fri Feb 22 18:36:11 EST 2013 Sara Ogden
16054 Fri Feb 22 17:57:58 EST 2013 Robert Falast
16053 Fri Feb 22 16:02:15 EST 2013 C. M.
16052 Fri Feb 22 15:53:01 EST 2013 Dave Erickson
16051 Fri Feb 22 13:39:50 EST 2013 Betty Carpenter
16050 Thu Feb 21 23:56:03 EST 2013 Mark Teig
16049 Thu Feb 21 20:56:37 EST 2013 Anne Baumann
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