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Comment for Proposed Rule 75 FR 3281

  • From: Alan Phua
    Organization(s):

    Comment No: 8800
    Date: 3/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08800
    From:
    Sent:
    To:
    Cc:
    Subject:
    Alan Phua
    Sunday, March 21, 2010 10:30 PM
    secretary
    alan.phua. [email protected]
    Regulation of Retail Forex
    RIN 3038-AC61
    From: Alan Phua in Singapore, Singapore
    The new regulation to restrict independent IBs to one broker will not solve the problem of over speculation. Firms can still
    subscribe to different brokers and trade multiple accounts at the same time.
    This new regulation regarding independent IBs will not solve the problem but only create frustrations for traders in the
    market that provide crucial liquidity.
    Please consider taking away this rule. Thank you.
    This mail was sent via IB Coalition http://ibcoalition.org/take-action/