Comment Text:
i0-001
COMMENT
CL-07630
From:
Sent:
To:
Cc:
Subject:
Grace Edwards
Monday, March 15, 2010 12:14 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Grace Edwards in Manchester, MA
The proposed rule by the CFTC requiring IB's to be guaranteed by one broker is wrong and should be rethought.
Independent IB's like Currensee provide me a very valuable by matching my trading style with the right brokerage offering.
Many of the products brokers offer vary widely regarding spreads, roll cost, customer service, trading platforms etc.
Customers such as myself need an independent party to research and explain these differences. I would not want the
recommendation of a captive IB that can only refer me to one brokerage offering no matter what the quality of the service.
I do not understand who is being protected by this. Futures IB's have the option of independence or being guaranteed. If the
CFTC regulates both industries why would there not be consistent regulations.
Please change your position on the matter.
This mail was sent via IB Coalition http://ibcoalition.org/take-action/
