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Comment for Proposed Rule 75 FR 3281

  • From: Richard Kabia
    Organization(s):

    Comment No: 1767
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01767
    From:
    Sent:
    To:
    Subject:
    Richard Kabia
    Thursday, January 21, 2010 11:38 AM
    secretary
    Fw: Regulation of Retail Forex ID # R1N 3038-AC61
    ..... Forwarded Message ....
    From:
    Richard Kabia
    To: [email protected]
    Sent: Thu, January 21, 2010 11:27:56 AM
    Subject:
    Dear Sir:
    As a spot currency trader I think it is only wise to trade currency if you have the experience
    and the education to execute profitable trades.Meaning, at least a masters degree in macro
    economics and finance.Trading is not for the ill prepared;it is certainly not a
    casino.Deleveraging only benefits the uneducated traders at the expence of people like us with
    a strong economics background. Trust me one way the economy can generate jobs,sustain
    growth, development ,and cashflow is to increase trading leverage from 100:1 to 500:1, and
    ban people with no economics background,people that think it is a casino environment from
    trading.Thank you.
    Sincerely,
    Richard Kabia