Comment Text:
i0-001
COMMENT
CL-01764
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Jim Bentz
Thursday, January 21, 2010 11:37 AM
secretary
'Regulation of Retail Forex
Re: *RIN 3038-AC61"
The over protective United States is making another mistake.
I suspect big business is behind this like almost all other regulation
that takes power out of the hand of the small time guy. Too many banks
and brokers don't like us doing our own trading at home. If there's a
penny slipping away, they want to stop it from happening. People in the
United States should not be view as "Money Sponges" getting every cent
wrung out for business' bottom lines. Capitalism has its benefits, but
it can be taken too far, interfering in every individual's personal life
until there is no autonomy left.
All this is doing is driving all the trading to international brokers.
All the U.S. brokers are going to lose all their clientele. I'm sure
that's the next bit of regulation coming down the pike, regulating WHO
you can trade with.
I'd love to know the REAL reason for this regulation.
Regards
Jim Bentz
[email protected]
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