Comment Text:
i0-001
COMMENT
CL-03408
From:
Sent:
To:
Cc:
Subject:
Shannon King
Saturday, January 23, 2010 9:58 PM
secretary
kingshannon09@gmail, com
Regulation of Retail Forex
Regulation of Retail Forex
To whom it may concern
I currently trade the FX markets and I received a letter from my broker today stating that you all wanted
to hear public opinion in reference to RIN 3038-AC61. My opinion is that the leverage should stay the
same and let investors have a choice. I agreed with changing the 400:1 to 100:1 because this gave
traders and investors a more balanced playing field. I think changing it more would be a dictatorship
policy, moreover, individuals will go over seas and the U. S won't get tax dollars. If changing it to 10:1
would help anything besides blocking out smaller traders then I guess you all have your reasons, I
understand why you are regulating the Energy business. As far as becoming educated by my broker, I
had to find out certain information on how to trade on my own, nobody spoon fed me on that, so I
achieved a status of sophistication on my own. Furthermore, I don't think a dollar amount makes one
sophisticated. They could have inherited that money in a number of ways.
Respectfully
Shannon King
kingshannon09@gmail, com
www.linkedin, com/in/shannon 100
(404) 952-0505
Shannon King
kingshannon09@gmail, com
www.linkedin, com/in/shannon 100
(404) 952-0505
