Comment Text:
i0-001
COMMENT
CL-03703
From:
Sent:
To:
Subject:
Stephen Moore
Monday, January 25, 2010 5:48 AM
secretary
Retail Forex Trading
Dear Sirs
I understand you are seeking public comment on proposed regulations concerning retail Forex trading
which would have the effect of reducing leveraging in retail forex customer accounts to 10:1. I cannot
see the purpose of this other than turning the clock back to the time when the forex market was only
open to the rich and super-rich. I would be strongly opposed to this move as would every trader I know.
We are supposed to be living in a free market economy. Government's role should be to create a level
playing field for all and this move would certainly not achieve that. Trading carries risk which we are all
aware of. However, if I lose everything because of poor trading decisions, that's my problem. If a bank
loses everything because of poor trading decisions that's everyone's concern. Thus they are the ones you
should be regulating not the retail trader,
Yours Faithfully
Stephen Moore
