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Comment for Proposed Rule 75 FR 3281

  • From: Steven Branch
    Organization(s):

    Comment No: 8391
    Date: 3/18/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08391
    From:
    Sent:
    To:
    Subject:
    Steven Branch
    Thursday, March 18, 2010 12:36 AM
    secretary
    New Regulations
    David Stawick,
    Secretary, Commodity Futures Trading Commission,
    Please do not pass the new Regulation of Retail Forex, RIN 3038-AC61. As you are aware, this will
    force most US Forex Funded Accounts offshore to unregulated dealers. Not a good thing. I know I will
    open some accounts offshore, however I would much prefer staying in the US. I just cannot see how
    this will help the US and the white collar US jobs supporting this industry. I will Leave All US brokers to
    avoid this new rule if it is passed. Thank you for your time.
    Kind Regards
    Steven Branch