Comment Text:
i0-001
COMMENT
CL-08464
From:
Sent:
To:
Subject:
William Simmons
Thursday, March 18, 2010 10:08 AM
secretary
Regulation of Retail Forex
Should the 10
m
I leverage rule proposed by the CFTC be adopted:
[] 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 j obs 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.
RIN# 3038-AC61 Thank you, Retail forex Trader
