Comment Text:
i0-001
COMMENT
CL-03302
From:
Sent:
To:
Subject:
Ken Boggs
Saturday, January 23, 2010 2:32 PM
secretary
Regulation of Retail Forex
The proposed regulation RIN 3038-AC61 is unfair to small investors. This regulation will do nothing more than
make it MORE difficult for small and beginning investors to be profitable in the markets. I want to reduce fraud as
much as you do, but this is not the way to do it. This regulation will make it nearly impossible for small investors to
make sizable profits. It will unfairly give an advantage to large and institutional investors who can still make a
sizable return do to their deep pockets.
In addition, I know that my broker encouraged me to set up an account with their overseas partner when you
changed the hedging regulations. If this new regulation goes into effect many traders will simply move their fund
offshore where they can be more profitable. Your impact will be significantly less than you anticipate.
Please consider other methods to reduce fraud without limiting the margin allowances.
Ken Boggs
Preaching Minister
713-944-9030 Office
713-944-8478 Fax
[email protected]
www.burkeroadchurch.com
