Comment Text:
i0-001
COMMENT
CL-03966
From:
Sent:
To:
Subject:
[email protected]
Tuesday, January 26, 2010 1:31 AM
secretary
Regulation of Retail Forex
To whom it may concern:
I am a forex trader in China and I have been using US brokers for several years
and very satisfied. Compared with other countries brokers, the aspects of US
counterparties appealing me, which I think apply to other countries clients also,
are:
1, Strong and respectable regulation bodies,
2, Sound and sophisticated financial infrastructure,
3, US as a country have a tradtion for the protection of international investors,
4, US based forex firms are generaly more financially solid and well-managed.
Regarding your recently regulation proposal, I fully agree to enhance industry
oversight, but I don"t like put any restrictions on leverage. Leverage is a very
important tool for us seeking financial freedom as your Amercian, and lowering
leverage dramatically like this will not only hurt our clients feeling but also drive us
to other countries (ie. unregulated) brokers despite above advantage. This is not a
win-win situation, it"s a lose-lose situation that you probably wouldn"t expected.
Please reconsider your proposal.
Regards,
TOM XIE
