Comment Text:
i0-001
COMMENT
CL-03658
From:
Sent:
To:
Subject:
[email protected]
Sunday, January 24, 2010 11:54 PM
secretary
Fwd: Proposed Regulation Concerning Retail Forex Trading.
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Original Message
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From: [email protected]
To: [email protected]
Sent: Sun, Jan 24, 2010 8:50 pm
Subject: Proposed Regulation Concerning Retail Forex Trading.
The investor's capital principle of: freedom of risk choice, is threatened by the CTFC proposed regulation. The current regulation is working, DO NOT CHANGE
IT! ... In the new CTFC regulation I will have to put up front ten times as much capital in order to make the one lot minimum trade. In the present regulation I need
$1000.00 cash in my account in order to trade one lot. In the proposed regulation I will need $10,000.00 cash in my account in order to make the same one lot
minimum trade! Big traders will be fine in the proposed regulation!; but the small trader, like myself, will be sacked out of the market! Sack small traders out of the
financial markets! Is it that what big traders in collusion with government regulatory agencies want? That will be not good for the principle of competition in the
economy; no good for financial small retail traders; no good for the economy of the country; and not good for the principle of good government of this country
country! Please do good for America! Reject the proposed regulation concerning retail Forex trading! Thanks for your help!
Rex H. Oppenheimer.
