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Comment for Proposed Rule 75 FR 3281

  • From: Phong Phuong
    Organization(s):

    Comment No: 1328
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01328
    From:
    Sent:
    To:
    Subject:
    Phong Phuong
    Wednesday, January 20, 2010 10:52 PM
    secreta ry < secreta ry@ C FTC. g ov >
    Regulation of Retail Forex
    To whom it may concern,
    RIN 3038-AC61
    You recently sought feedback on this subject, so here is my opninion:
    We traders do want restrictions on our trading styles (such as removing the ability to hedge) or
    have leverage restrictions in place. We are smart enough to assess our own risks and only trade
    with money we can afford to lose.
    I understand you may try to do this for the benefit of others who may not know what they are
    getting themselves into, but doing so by handicapping all traders in general will not earn you any
    favours.
    - Phong.
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