Comment Text:
i0-001
COMMENT
CL-07732
From:
Sent:
To:
Cc:
Subject:
aaron lawgun
Monday, March 15, 2010 9:49 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: aaron lawgun in qld, Australia
I totally disagree with the proposed changes allowing only one choice of FDM brokerage to be on offer, by the independant
IBs. All FDMs are not the same and do not offer the same platforms, spread and customer services suited to each trading
style of the retail customer. In fact it would be at a detriment to the retail customer and would easily cause a monopoly of the
various FDMs who were willing to pay the most for a sole IBs agreement.
Also the proposed changes of 100: l leverage to 10:1 is nothing short of a nana state trying to dictate what is best for us, We
know the risks, we trade professionaly, this would only push the retail forex markets offshore hurting even more the US
economy and businesses.
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