Comment Text:
i0-001
COMMENT
CL-03734
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Sent:
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Subject:
Andrey Glispie
Monday, January 25, 2010 9:16 AM
secretary
Regulation of Retail Forex
For two weeks I've evaluated the pros and cons of this proposed regulation and what I have surmised is this: It
will not work. People will only shift their appetite for risk overseas. We all know the detriments of moving assets
overseas and its effect on the government. Not one individual that I know or have read of has mentioned how
misinformed or misguided they were regarding leverage use. Leverage is good; it provides the have not's a shot
to the heavily barricaded world of the have's. In its right context leverage is just a gauge of appetite, risk
appetite that is, some people like high some like low. This proposed change hints of socialist in the making and
what to come next scares me Will it be limits on number of coffee to drink and how hot; type of sauce to put on
tacos, in this proposed case mild only. This analogy may seem farfetched, so is the proposed leverage change.
Regards
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