Comment Text:
i0-001
COMMENT
CL-08204
From:
Sent:
To:
Cc:
Subject:
Greg Badavas
Wednesday, March 17, 2010 1:53 PM
secretary
gbadavas@hotmail, com
Regulation of Retail Forex
RIN 3038-AC61
From: Greg Badavas in Boston, MA
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.
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