Comment Text:
i0-001
COMMENT
CL-07595
From:
Sent:
To:
Subject:
Gavin, Kevin (CHG Int)
Monday, March 15, 2010 7:46 AM
secretary
Regulation of retail Forex
Mr. Stawick-
The proposal for a 1011 margin-if implemented-will have a serious negative effect on your ability to regulate forex business in the US.
Most if not all retail forex business would go overseas to European markets -thus making it impossible for US regulators to oversee.
This has to be rather obvious.
Thanks for your time,
Kevin J. Gavin
MF Global
Private Client Group
312.528.3116
866.879.1342
kgavin@mfglob al. corn
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