Comment Text:
i0-001
COMMENT
CL-07992
From:
Sent:
To:
Cc:
Subject:
Mark Matzeldelaflor
Tuesday, March 16, 2010 4:30 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.
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