Comment Text:
i0-001
COMMENT
CL-08264
From:
Sent:
To:
Subject:
Richard Wang
Wednesday, March 17, 2010 6:22 PM
secretary
Regulation of Retail Forex
To whom it may concern,
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.
Signed,
Richard Wang
RIN 3038-AC61
