Comment Text:
i0-001
COMMENT
CL-01690
From:
Sent:
To:
Subject:
Tim Wilson
Thursday, January 21, 2010 10:12 AM
secretary
Regulation of Retail Forex
Identification number RIN 3038-AC61.
As an experienced private Forex trader, I wish to make a very strong protest against the proposed
regulation to reduce leverage to 10:1. I believe that this regulation, if it is introduced, will cripple forex
trading wherever it is enforced. It really makes no sense to me except perhaps as self protection against
ignorant or misinformed people.
Motor cars are dangerous. People get killed in them but would anyone suggest banning motor cars or
limiting them to a safe speed of 10 mph.
Education about the risks and potential dangers of the misuse of high leverage is a better alternative
than destructive and poorly thought through legislation.
Regards
Tim Wilson
