Comment Text:
i0-001
COMMENT
CL-07959
From:
Sent:
To:
Cc:
Subject:
Jeff Grossman
Tuesday, March 16, 2010 3:27 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Jeff Grossman in Abington, MA
The purpose of an independent broker is to help a customer realize the best entity to meet his or her needs. A mortgage
broker may determine that Chase can give me the best deal, or that Citi is the best bet for my mortgage, or that Bank of
America can best help me. An independent Forex Broker should be able to act similarly. Forcing IB's to be guaranteed by an
individual broker basically takes this service out of the market and will, in essence, force the consumer to independently hope
they fully understand what each broker can offer. Your rule will actually hang the retail forex trader out to dry rather than
help him. Please reconsider this seemingly ridiculous rule.
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