Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Asit Patel
    Organization(s):

    Comment No: 8767
    Date: 3/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08767
    From:
    Sent:
    To:
    Cc:
    Subject:
    [email protected] on behalf of
    Asit Patel
    Sunday, March 21, 2010 4:24 PM
    secretary
    [email protected]
    Regulation of Retail Forex - RIN 3038-AC61
    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
    Asit Patel