Comment Text:
i0-001
COMMENT
CL-01531
From:
Sent:
To:
Subject:
Marcus Borseman
Thursday, January 21, 2010 4:03 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
I strongly object to the
proposal
of limiting reatil FX to "1:'10 leverage.
It will accomplish NOTHING.
Retail F× customers will flee to brokers abroad who do not have to enforce hedging rules or leverage
limitations.
Want to protect individual clients? They'll find brokers abroad.
Want to protect US brokers? They'll lose clients and revenue.
Remember This: Retail F× Customers DID NOT CAUSE The Financial Meltdown! Go Regulate Somewhere Else!
PLEASE DO NOT PASS THIS BILL
Sincerely,
Marcus Borseman
