Comment Text:
i0-001
COMMENT
CL-00073
From:
Sent:
To:
Subject:
Benjamin Waters
Friday, January 15, 2010 11:30 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
This will be the end of the Forex trading through US-based brokers. Millions of retail traders' messages
will fall on deaf ears, because this is nothing more than an extension of the out-of-controh beaurocratic
micro-management that pervades the US these days. I doubt that even a concerted effort by US-based
brokers will 'enlighten' them. And, if the brokers find ways around it (like they're doing for the
FIFO\anti-hedging rules); there will be too many holes for traders' potential profits to fall through - and
the smart ones will go abroad - sooner, rather than, later. I am
against your proposal.
