Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Mark Matzeldelaflor
    Organization(s):

    Comment No: 7991
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07991
    From:
    Sent:
    To:
    Cc:
    Subject:
    Mark Matzeldelaflor
    Tuesday, March 16, 2010 4:28 PM
    secretary
    [email protected]
    Regulation of Retail Forex
    RIN 3038-AC61
    From: Mark Matzeldelaflor in San Diego, California
    This proposal is much like the other recent proposals by the CFTC targeting the retail off-exchange foreign currency markets.
    It seems that the CFTC is not concerned with protecting consumer interests but, instead with destroying the retail foreign
    currency exchange markets in the US.
    How is it in the best interest of retail forex clients, to restrict their options? What is the CFTC's real motive? Because, it is
    obviously not looking out for the retail investor. This seems like an attempt to drive volume from the retail forex markets to
    the futures markets, etc.
    It seems to me that there is a conflict of interest going on inside the CFTC. This is completely unnacceptable, and the CFTC
    is completely overstepping it's authority.
    This mail was sent via IB Coalition http://ibcoalition.org/take-action/