Comment Text:
i0-001
COMMENT
CL-01923
From:
Sent:
To:
Subject:
[email protected]
Thursday, January 21, 2010 3:10 PM
secretary
REGULATION OF RETAIL FOREX
I am writing to you in order to express my very strong objections to the proposed changes in
leverage allowed by brokerage firms for individual forex trading accounts. Most forex traders
are involved in forex trading because of the ability to trade in a meaningful way without
massive trading accounts. If these changes were to be adopted, it would unfairly eliminate the
ability to participate for many people who are financially dependent upon their ability to trade
the forex market.
I have found that trading the forex market is far superior to trading options or equities and, for
many people, the availability of the forex market has allowed them to recover monies lost in
trading equities and options.
I would implore you to not put these proposed regulations into effect. There are much better
ways to protect individuals who are inappropriately trading the forex market without the
necessary training or understanding and who, as a result, are in danger of losing a good
amount of money.
Approving these regulations would, in essence, be a matter of trying to kill a fly on the window
by using a hammer. Please reconsider and find better alternatives.
Respectfully submitted,
Ronald C. Harshman
Fort Myers, FL
