Comment Text:
i0-001
COMMENT
CL-07627
From:
Sent:
To:
Subject:
David Karp
Monday, March 15, 2010 12:03 PM
secretary
Regulation of Retail Forex
RIN3038-AC61
Dear CFTC:
I believe your proposed regulations - especially the parts about reduced leverage and tying Introducing
Brokers to a single FX broker - will drive US Forex traders to less-regulated overseas entities. You can
educate traders but you can't force them out of the trading practices they want to use. This will have no
effect on the exposure of US consumers to risk, but it will drive business away from US-based
brokerages and other Forex-related businesses such as independent IBs. These are small and large
businesses, such as the one I work for, and if they lose customers due to these regulations, they will shed
iobs or even close entirely.
David Karp
Director, Marketing
Currensee
www.currensee.com
[email protected]
Trade Together
