Comment Text:
i0-001
COMMENT
CL-05753
From:
Sent:
To:
Subject:
Stuart A. Brown
Wednesday, March 3, 2010 7:49 PM
secretary < secretary@ C FTC. g ov >
'Regulation of Retail Forex'
Re: 'Regulation of Retail Forex'
Dear Mr. Secretary,
As a long time trader & broker I have extensive experience in the futures & forex markets.
I did my first futures trade in Sept. 1974. The current proposal to change the margin requirements for
Forex trading platforms is unacceptable. I am certain that all that are active in this "last bastion of free
capitalism" agree with this opinion. The current regulations DO NOT need any "adjustments". I should
also note that I served as a Chief Compliance Officer for an FCM at the CBOT for a number of years and
certainally understand "risk". The problems that hang over the markets to DO NOT stem from small
speculators trying to survive in the most difficult economy since the 1930's.
If you really want to be progressive go after the "naked short sellers" in the Precious Metals futures
markets, especially SILVER futures. That's an accident waiting to happen!
Sincerely, - Stu - P.S. If this proposed change happens I will lose income & the IRS tax $'s.
Stuart A Brown
SVP Trading Operations/Broker
Oxford Asset Management, l"nc.
954-532-0652 trade desk
94:[-345-2:[77 mobile
www.oxford~old.com
www.linkedin.com/in/stuabrown
www.stuongold.blogspot.com
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