Comment Text:
i0-001
COMMENT
CL-03431
From:
Sent:
To:
Subject:
Ron Stroop
Sunday, January 24, 2010 12:02 AM
secretary
Regulation of Retail Forex
Dear Mr.
Stawick
I would like to register my total dissatisfaction with the new- legislation that is being proposed (RIN 3038-AC61) as it effectively stops me
from trading. I am a small business man here in Perth West Australia and I trade the FX markets to supplement my income. I
cannot possibly adhere to the proposed changes and it will force me to go elsewhere over seas and use an overseas broker.
Currently I deal through FXDD as I found them to a reputable dealer and would like to continue with them. This proposed
legislation would force many traders elsewhere and hurt the local USA dealers.
I suspect also that these changes are in part because of the strong lobby from the futures markets as they have lost quite a lot, but
this will serve no purpose other than to see a flight of money and business to overseas. The legislation is nothing short of regressive
and smacks of partisan politics with the futures traders.
Regards
Ron Stroop
