Comment Text:
i0-001
COMMENT
CL-00372
From:
Sent:
To:
Subject:
Marco
Monday, January 18, 2010 7:29 PM
secretary
Regulation Of Retail Forex
Dear Secretary
The proposed 10:1 leverage being impose across all retail trader accounts is an abysmal assault on the
intelligence of those who fund and trade their account with responsibility and structure. The net result
will be an outflow of money to unregulated or less regulated overseas brokerage houses, to the
detriment of U.S. based FCM's, and to the detriment of the end users via higher risk levels.
This is folly to a degree that George Orwell summed up well in Animal Farm. "All financial regulation is
equal. Some financial regulation is more equal than others". .....
What a joke this is, a monkey and a
dog could not have dreamt up something more foolish.
Yours sincerely
Marco Hague
Global Trade Desk Director
www.TheLFB-Forex.com
[email protected]
TheLFB Trader Advantage Program
Risk Disclosure
