Jun. 28, 2023
Hi Im a tax payer and an investor and Im commenting that this is all so toothless that its like a bad comedy joke. Your CCAs are self reporting only and you want them to regulate themselves. Either naive or gullible. Further you want them to make margin calls and calculate their exposure when necessary and tell you about it later. You guy literally created, typed, and made press releases and asked comments for There Oughta Be Some Rules Written Down. You should understand by now that anything not legally nailed down verbatim will be used against markets by these middlemen. Any point, concept, or word not explicitly declared illegal is an open door to these middlemen agencies. Youre supposed to be the cop on the beat not the damn doorman letting everyone in. Youre too chicken to take on any of the big guys, and you’ve exempted several CCAs from the get go. Get rid of Gary the investment banker, who wants to allow trade front runners to lie to banks about their exposure to get more leverage with no oversight or consequences With very cold regards, Todd S