Comment Text:
i0-001
COMMENT
CL-01243
From:
Sent:
To:
Subject:
Leo Ong
Wednesday, January 20, 2010 9:57 PM
secretary
Regulation of Retail Forex
Hi,
I am writing with regards to proposal []
[~lN 3038-AC61. I believe that this proposal will definitely Itrading in the US but will not stop forex trading in general as this encourages people to move their money out of US
brokerages and setup accounts with foreign brokerages.
If CFTC is worried about new traders being misled, they should try harder to ensure that new traders are educated of the
risk/rewards of using leverage. The key is educate not regulate.
Regards,
Leo Ong (Malaysia)
