Comment Text:
i0-001
COMMENT
CL-03571
From:
Sent:
To:
Subject:
Brad Fuller
Sunday, January 24, 2010 5:06 PM
secretary
Regulation of Retail Forex
In regard to the proposed Forex regulation change RIN 3038-AC61,
I respectfully ask that you NOT implement the leverage change
from 100:1 to 10:1.
I am a small retail Forex trader and I understand the risks involved
in trading and I manage my account according. I appreciate your
concerns about a very few individuals not managing their accounts
properly, but making this proposed change would hurt many small
traders like me who do manage their accounts properly. It is not
fair to punish many individuals for the mistakes of a small minority.
I trade with a small account size and this proposed change would
basically make me stop trading. If your intent in this proposal is to
force most small retail traders out of the market, then you will
certainly succeed. Good intentions alone are not enough to warrant
this change. The government should not be trying to protect stupid
people from themselves by punishing the majority who act properly.
Respectfully yours,
Brad Fuller
