Comment Text:
i0-001
COMMENT
CL-01259
From:
Sent:
To:
Subject:
Barnaby Beech
Wednesday, January 20, 2010 10:02 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
As a retail forex trader, it is extremely distressing to witness the federal government attempting
to shut out the little guy's ability to make profit through the existing margin requirement
framework of the forex platform. Forex is the only system whereby an average person can extend
the buying power of a small amount of money through leverage, to give themselves a meaningful
advantage in the market, it is extremely distressing to see the federal government in motion to
attempt to strip this opportunity from the small retail trader even if, indeed, it is in a misguided
attempt to protect "the little guy". The effect of this bill would be to protect the little guy, indeed,
by making his participation in the market much more difficult and thereby limiting his risk. this
bill is not in the interest of a free market.
