Comment Text:
i0-001
COMMENT
CL-06767
From:
Sent:
To:
Subject:
Jason Schinder
Thursday, March 11, 2010 10:17 AM
secretary
Regulation of Retail Forex
I am a US FOREX CUSTOMER and am STRONGLY opposed not only to your ridiculous 10-1 leverage limitation (100-
1 is perfect. Leave it alone) BUT ALSO to your limitation on Forex IBs and who they can do business with.
I want my IB to be free to direct me to the best Forex Broker for MY needs - Not to the broker who will pay him the
most. (How could you not see that this would be the unintended consequence of this moronic proposal?)
You are trying to solve one alleged problem by creating 5 more new, bigger ones.
CFTC: I am embarrassed for you that this is the best that you could collectively come up with. Seriously... Shame
on you. You should be terribly ashamed of yourselves. I really do think that you should all be fired over this debacle.
Please go back to your lawyering and stay far far away from our financial markets - something you clearing don't
understand - before you cause irreparable harm.
Jason Schinder
FX Trader
Vermont
Jason Schinder
Burlington VT, 05402
[email protected]
