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Comment for Proposed Rule 75 FR 3281

  • From: Jacquelyn Stachel
    Organization(s):

    Comment No: 7824
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07824
    From:
    Sent:
    To:
    Subject:
    Jacquelyn Stachel
    Tuesday, March 16, 2010 11:54 AM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    The proposed rule by the CFTC requiring IB's to be guaranteed by one broker is wrong and should be
    rethought. Independent Introducing Brokers like Currensee Inc. (NFA #0403251) provide me with a
    very valuable service 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 stance on the matter.
    Sincerely,
    Jackie Stachel