Comment Text:
i0-001
COMMENT
CL-04355
From:
Sent:
To:
Subject:
Dan Adams
Thursday, January 28, 2010 12:17 PM
secretary
REGULATION OF FOREX TRADING
Dear Secretary,
It has come to my attention that the CFTC is considering in their new regulation bill to be brought in front of
Congress, regulating FOREX, and therefore putting traders in the US at a unfair disadvantage to global traders
that don't come under US jurisdiction. These regulations seriously impact and significantly impede trading results
in the US, requiring US traders to use more capital to buy the same amount of currency then their counterparts
outside of US regulations, again placing us at an unfair trading disadvantage.
The Forex market was not responsible for the collapse of global trading markets, or bank failures. That was due to
badly leveraged loans, and hedge markets.
Definitely not the buying or selling of currencies.
Thank you for your consideration on this important matter.
Daniel Adams / US Citizen, Forex Trader
