Comment Text:
i0-001
COMMENT
CL-08396
From:
Sent:
To:
Subject:
Bojidar Jordanov
Thursday, March 18, 2010 1:23 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear Sirs,
Regarding your intention:"Regulation of Retail Forex"
¯ Funded accounts currently in the U.S. system can be expected to go offshore.
¯ Forex fraud may worsen, not improve. Unregulated dealers from around the world will thrive, while
operating without requirements for capital adequacy, risk management models, marketing ethics, dealing
practices or even returning of customers funds.
¯ The United States may cost itself millions of dollars in trade revenue.
¯ Thousands of white collar jobs that require an advanced education and range from software developers
to accountants to foreign exchange dealers may be eliminated, or move out of the United States.
We are categorically against such a decision.
Yours sincerely
Bojidar Jordanov
