Comment Text:
i0-001
COMMENT
CL-03492
From:
Sent:
To:
Subject:
allison h. wilcox, ph.d.
Sunday, January 24, 2010 10:24 AM
secretary
Regulation of Retail Forex
The proposed regulations for retail forex are outrageous. As a forex trader, I know that it will have a
detrimental effect on all the traders in the United States.
We are all grown-ups and very well know our boundaries and limitations and if somebody decides to
cross it, well than its his or her own personal choice.
Lowering the leverage to 1:10 on the pretext of giving security to our funds is unjustified and will serve
only to send those traders to other countries.
If somebody wants to commit suicide with their funds, well its his choice. We all take risks everyday
and own our decisions since we find them necessary to attain certain goals. Crossing a road can be risky
too but this does not mean that the Transportation Secretary should ban all the cars!!!
I hope that you will withdraw these outrageous terms and respect the personal decisions and judgment of
others. Many of us have studied for years to become
successful traders and are appalled at the sudden over-regulation of our livelihood and the absence of
focus on unscrupulous brokers. Why the traders should
be punished for the sins of a relatively small number of brokers is absolutely beyond me.
Thank you for your time,
Allison H. Wilcox
Allison H. Wilcox, Ph.D.
Clinical and Forensic Psychology
Tx. Lic. 23886
[email protected]
[email protected]
http ://awilcoxphd.googlepages.com/home
http://www.kiva.org/team/greenling
