Comment Text:
i0-001
COMMENT
CL-03134
Mason, Theresa
From:
Sent:
To:
Subject:
Peter Webber [[email protected]]
Saturday, January 23, 2010 4:39 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear Sir/Madam,
I'd like to join in voicing my opinion regarding the proposed leverage changes from 100:1 down to 10:1
There is no doubt that this will destroy in incredibly lucrative and successful industry in your country. I understand that
retail FX has many fraudulent problems as does anything involved with the acquisition of wealth.
It seems that the problem with FX is that it is viewed by many as a 'get rich quick' - 'paint by the numbers system' and
people enter with that mentality and treat it as they would a gambling table in Las Vegas. This is a widespread problem
that you can find in FX, futures, stocks, commodities, "no-money down" real estate deals, online marketing and pretty
much anything where a consumer can sit at a computer and type in a credit card number into a web form in return for an
"easy money system" that requires no effort or education on their part.
Please do not let those who gamble their money in this way ruin it for those of us who are steadily building up profitable
businesses through patience, education, demo trading and discipline.
Not being based in the US myself I do not anticipate being affected by these proposals however I feel it necessary to
voice my opinion and do what I can for my trading colleages in the US.
Kind Regards
Peter Webber
Boosting online visibility
m: 07940 124987
t: 0845 468 0500
e: [email protected]
www.visiboost.com
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