OPEN LETTER TO THE CFTC
January 25, 2011
Commodities Futures Trading Commission
3 Lafayette Center
1155 21st St. NW Washington, DC 50581
Re: CFTC Delays 60-Day Notification To Assist Manipulators
On January 13, 2011 the CFTC held a hearing on the Implementation of Position Limits for the Dodd-Frank Act that was mandated by the US Congress to be implemented on January 17, 2011. This meeting was a continuation of the same meeting held in December on the same topic. As of today, January 25, 2011, Position Limits have NOT been implemented and thus the CFTC is currently in violation of the laws of the United States Congress. The reasoning behind the current delay? "There must be a 60 day notice period"...
SO WHERE IS IT? WHERE IS THE 60 DAY NOTIFICATION ANNOUNCEMENT? WHY WON'T YOU START THE CLOCK TICKING EVEN THOUGH YOU ARE IN VIOLATION OF THE LAW?
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Noticed people arnt commenting much on this thread but I appreciate the time you have put in this!