Comment Text:
i0-001
COMMENT
CL-02549
From:
Sent:
To:
Subject:
Christy Bell
Friday, January 22, 2010 9:31 AM
secretary
Regulation of Retail Forex
Dear Sirs:
RE: RIN 3038-AC61
I can not find better words to describe my position on all this than those from
Andrei Pehar, Chief
Currency Strategist at fxKnight.com.
Andrei says: "I am not opposed to regulation nor regulatory agencies. But that regulation needs to be
fair, transparent, and
open to
public input. Otherwise it becomes corrupt and self-serving Sure high
leverage can get you into trouble if used thoughtlessly. Sure hedging when not done properly turns one
loss into two. But I believe the cure is EDUCATION, not restricting what people can and cannot do
with their investment decisions. Guide, don't dominate - government was invented to protect people
and their property, not to limit their potential.
I completely
disagree
with the CFTC proposal.
Thank you for listening,
Christy Bell
