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Comment for Proposed Rule 75 FR 3281

  • From: Brandi Davis
    Organization(s):

    Comment No: 8479
    Date: 3/18/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08479
    From:
    Sent:
    To:
    Cc:
    Subject:
    Brandi Davis, PhD
    Thursday, March 18, 2010 11:04 AM
    secretary

    [email protected]
    Regulation of Retail Forex
    RIN 3038-AC61
    From: Brandi Davis, PhD in Boston, MA
    The proposed rule by the CFTC requiring IB's to be guaranteed by one broker is shortsighted 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/benefited 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
    This mail was sent via IB Coalition http://ibcoalition.org/take-action/