Comment Text:
i0-001
COMMENT
CL-07638
From:
Sent:
To:
Subject:
Andrew Nadeau
Monday, March 15, 2010 1:32 PM
secretary
Regulation of Retail Forex - RIN 3038-AC61
The proposed rule by the CFTC that requires IB's to be guaranteed by one broker should not be passed.
Independent IBs provide a valuable service by matching the right brokerage to a trader's specific needs. This
helps to provide transparency and accountability to the forex industry as independent IB's help educate retail
traders on the various offerings of brokers, so that they can make good decisions. I want my IB to refer me to a
broker that they think is best for me, not because they have to refer me to that broker.
This proposed rule does not make any sense in my opinion. Instead of providing more transparency, it simply
destroys all transparency and hurts the average retail trader. Please rethink and change your stance on this
matter.
Signed,
Andrew Nadeau
