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Comment for Proposed Rule 75 FR 3281

  • From: Kenneth Cole
    Organization(s):

    Comment No: 2124
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02124
    From:
    Sent:
    To:
    Subject:
    Kenneth Cole
    Thursday, January 21, 2010 7:18 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Are you serious about this proposal. You are effectively killing the small time speculator who
    cannot afford 10K
    Your proposal sucks. If someone is uneducated and loses their money in forex, that is the
    market.
    How can you take that decision, which is preposterous, and suddenly create such a
    widespread consensus that it will make the forex market better.
    Please reconsider. Enough has been done to identify the risks involved in the market, without
    restricting the small time
    investor.
    Sincerely
    Kenneth Cole.