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Comment for Proposed Rule 75 FR 3281

  • From: Philip Cheney
    Organization(s):

    Comment No: 8295
    Date: 3/17/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08295
    From:
    Sent:
    To:
    Subject:
    Philip Cheney
    Wednesday, March 17, 2010 7:30 PM
    secretary
    Regulation of Retail Forex
    David Stawick,
    Secretary, Commodity Futures Trading Commission,
    1155 21st Street, NW,
    Washington, DC 20581
    Re: Identification Number: RIN 3038-AC61
    Dear Mr. Stawick,
    I would like to voice my wholehearted disagreement with these proposed changes in the regulation of the Retail Forex Market.
    The already drastic changes in the regulation of these markets has hardly had a chance to be looked at as to the extent they
    are changing markets. Many clients, including myself, have considered moving funds to offshore retail brokers. With these
    new changes, this will no longer be a consideration, it will be a must for my financial situation! Many others will also do the
    same! This will have far-reaching consequences! I would like you to please consider my opinion when considering these
    proposed changes.
    Best regards,
    Philip Cheney
    Retail Forex Investor
    806-928-2355