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Comment for Proposed Rule 75 FR 3281

  • From: Andrew Shagall
    Organization(s):

    Comment No: 1921
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01921
    From:
    Sent:
    To:
    Subject:
    Andre S
    Thursday, January 21, 2010 3:09 PM
    secretary
    Regulation of Retail Fore
    RIN 3038-AC61. Can someone explain to me what braniak came up with an idea of regulating forex industry. You are
    trying to protect me by forcing me to deposit 10 times the amount of money with a broker? Who are you to even
    consider the idea of trying to regulate my life is this Soviet Union in a new place? It will have completely opposite
    effect. You will cause massive exodus of money from US, while other countries in the world are trying to do
    everything they can to keep money from leaving by setting flat tax or any other measure they can come up with. You
    ladies and sirs are a bureaucratic agency with very limited value in society and speaking from experience of 10 years
    working with agencies like yours are highly unqualified to make most of regulations you pass. In this case you have
    simply crossed the line. STOP NOW. I will be contacting my representative in the senate and my local
    representatives.
    Andrew Shagall 818 536-3206