Comment Text:
i0-001
COMMENT
CL-03317
From:
Sent:
To:
Subject:
jacob knotts
Saturday, January 23, 2010 3:03 PM
secretary < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
I can not believe what I'm hearing.Correct me if I am wrong, but is AMERICA (LAND OF THE FREE)
trying to take AMERICAN's out of the free market? Implementing this 10 to 1 limit on retail traders
will do just that! Then what? Europe,China,Japan etc, can dictate the value of our dollar. I don't
understand what you hope to achieve by doing this. Is it to create a huge bubble in the equity
market, bond market? Or to create another housing bubble? By your regulations you will be
responseable for the largest false market ever seen. Thats something you can be proud of. The
free market always finds the right price. The over regulated market finds disaster. Stop your
meddling.
Overly Disgusted,
Jacob Knotts
Martinsburg, West Virginia
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