Comment Text:
i0-001
COMMENT
CL-01821
From:
Sent:
To:
Subject:
Levi Bennett
Thursday, January 21, 2010 12:49 PM
secretary
Regulation of Retail Forex
David Stawick
My name is Thomas Levi Bennett. I have worked with a boutique forex
partner for 5 years since I was 17 years old. I learned how to trade
forex and have been disciplined in doing so for some time now. The
right to leverage, as a bank wishes to do so, for qualified (as THE
BANK qualifies) traders, should remain the right of the bank. Let me
make this very very clear, in regards to RIN 3038-AC61, I am
absolutely against this proposed regulation. The bank has rules set in
place that protects itself (as shown with it's profits in a public
market) and as an up and coming trader, I cannot wait to amass
hundreds of thousands of dollars before making a step into forex
trading as a sustainable investment. I want to do so now. I should be
protected by the government to make that choice as a private decision
between me and my bank, and I should be allowed to by way of leveraged
trading offered by the banks. I do not want the government mandating,
as it has already, further restriction of forex markets. I understand
the administration thinks it has the right to regulate and govern
private industry, and in this case, private investments, but this is
absolutely unacceptable of the federal government. I hope the
government can realize that I want to be protected and encouraged in
my investments, not restricted as the government sees fit for
Washington D.C.
Thank you for your time and consideration,
Levi
