Comment Text:
Re: Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants and Derivatives Clearing Organizations: (RIN3038-AD88)
I am writing to encourage the CFTC to advocate for and adopt rules that would:
1. Require FCMs/RFEDs to segregate retail Forex customer funds in the U.S.
2. Make it impossible for one individual to control or access customer funds held in trust at an FCM/RFED.
3. Bring full market transparency and accountability to the Futures and Forex industries by requiring that firms publish a quarterly consolidated balance sheet and income statement.
5. Mandate that all customers have the option to "opt out" of granting FCMs/RFEDs unfettered access to invest their customer funds while still allowing those customers to continue to trade.
Furthermore, I think ROLLING SPOT FOREX should be exempted from being treated as a SWAP. Treating it as a swap is going to put me out of business.
