Comment Text:
i0-001
COMMENT
CL-02705
From:
Sent:
To:
Subject:
Roy Fife
Friday, January 22, 2010 1:00 PM
secretary
Regulation of Retail Forex
Dear Mr. Stawick:
I write to voice my opposition to the proposed additional regulation of my retail trading options in my Forex
transactions.
The current acceptable leverage of 100:1 is adequate. If traders wish, they have the option available to them to
maintain a "mini" account at 10:1. Please do not take away the important 100:1 account option.
Investors invest money and conduct trades knowing there is a risk involved. Because a few are incapable of
handling the responsibility that comes with such trades, the United States government must once again treat
the nation like children. Please leave traders well enough alone and worry about regulating the theft and
deception taking place in Congress. Leave those of us that trade alone and allow us to live our lives. There is
risk. Thank you for letting me know what I already know.
Please reconsider these proposed restrictions and concentrate your energies in an area that is in need of more
oversight.
Cordially,
Roy Fife
2649 E. Drachman Street
Tucson, AZ 85716
