Comment Text:
i0-001
COMMENT
CL-02382
From:
Sent:
To:
Subject:
Maurizio Buratti
Friday, January 22, 2010 12:06 AM
secretary
Regulation of Retail Forex
Greetings,
I am a foreign Forex player, which chose USA as main country where to deposit my funds for doing actual live
trading, l've been notified by my brokerage firm, that new CFTC regulation will nerf actual margin requirements.
I think that given the fact that money isn't really "material", almost everyone will pass on to European Brokers,
like UK ones, which are also very professional by fame.
I suggest you to not certify those new regulation. Would be detrimental
just
for your country, as big players will
be encouraged to move their assets overseas, and maybe create subsidiary bank accounts to avoid paying taxes
in the US...
Don't have time to waste anymore on the topic, because if that will happen I'II move my money, as almost every
small/medium player will do.
Sincerely,
MB
