Comment Text:
i0-001
COMMENT
CL-02946
From:
Sent:
To:
Cc:
Subject:
Raj agopalan Vishwanathan
Friday, January 22, 2010 6:25 PM
secretary
Forex Peace Army
"Regulation of Retail Forex" - Leverage to be reduced to 1:10"
From: Rajagopalan Vishwanathan,
[email protected],
Amar Ashiyana Bldg, B-9, Wanawadi,
Pune- 411040.India
To : [email protected]
Sub: "Regulation of Retail Forex" -Leverage to be reduced to 1:10
Dear Sir,
Please do not take this RETROGRADE step. This will kill "Work from Home opportunitities"
for many ( Lakhs of people ) & also cause many Forex Brokers & related employees to open OFF
SHORE companies leading to flight of capital from USA. If once USA does it, many other
countries also may follow suit.
Retail Trading in FOREX is NOT allowed in India atleast for individuals. Banks are discouraged
to offer Bank Transfer facilities to Individual FOREX Traders.
Because of this, I could not open accounts with many Brokers in USA & elsewhere by Bank
Transfer facilities. Not many Brokers encourage / accept payments throygh Paypal & other
payment modes.
Life as such is miserable in India. Do not take this "Regulation of Retail Forex - Leverage to be
reduced to 1:10" in USA, which may lead - other countries also to follow this RETROGRADE,
thereby killing "Work from Home opportunitities" for many ( Lakhs of people step in third
world countries ).
Thanking you,
Rajagopalan Vishwanathan ( a small time - Retired Retail Forex Trader working from Home
with about $ 500 investment )
