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Comment for Proposed Rule 75 FR 3281

  • From: M L Grossman
    Organization(s):

    Comment No: 6845
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06845
    From:
    Sent:
    To:
    Cc:
    Subject:
    M.L. Grossman
    Friday, March 12, 2010 3:00 PM
    secretary
    [email protected]
    Regulation of Retail Forex
    RIN 3038-AC61
    From: M.L. Grossman in Boston, MA
    I believe that independent introducing brokers serve an important function in the Forex marketplace by connecting
    traders with brokers. Your proposal to tie IBs to a single broker will make it impossible for those IBs to provide
    impartial service to their customers. Why not allow IBs to remain independent and subject to the same capital
    requirements as you already impose on Futures IBs? This way, Forex IBs will be able to connect traders with the
    broker most suited to their trading needs and preferences.
    Regards,
    M.L. Grossman
    This mail was sent via IB Coalition httl~:l!ibcoalition.orcu'take-actionl