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Comment for Proposed Rule 75 FR 3281

  • From: Jantonio Turner
    Organization(s):

    Comment No: 1150
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01150
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Wednesday, January 20, 2010 9:17 PM
    secretary
    'Regulation of Retail Forex'
    RIN 3038-AC61
    I have been a forex trader for 5 years and a trader in other markets for 10 years, and I do not think any
    more regulation is needed in forex! Risk is a part of traders and risk disclosures that are made are
    adequate. The market is already protected in that margin requirements are strictly enforced and all
    trades are closed once the margins are all that is left in the account unlike stock and commodity
    brokerage accounts where due to volatility in the market you can lose more than you invested.
    Enough recent regulations have been enacted. NO MORE IS NEEDED.
    Jantonio Turner
    Forex Trader