Comment Text:
i0-001
COMMENT
CL-00004
From:
Sent:
To:
Subject:
[email protected] <"shawn0208@gmail. com">
Thursday, January 14, 2010 1:57 AM
secretary
Regulation of Retail Forex
RE: http ~//www_cftc, gov!newsroom!generalpressreleases/2010!pr5772-10, html
Release: 5772-10
For Release: January 13, 2010
CFTC Seeks Public Comment on Proposed Regulations Regarding Retail FOREX
Transactions
Please do not let this pass! This will put an end to retail forex
traders or force them to use overseas brokers that are more risky to do
business with. This is NOT in the best interest of the spot (retail)
forex.
We already went from 500:1 to 100:1, now this bill would put us
10:1.
If you trade or invest YOU know that it's a risk. We don't need the
government trying to protect us. We're adult traders.
Instead of focusing on the traders, you need to focus of the brokers and
the investment advisors, do more hands on document checking, ensuring
that brokers are doing what they're suppose to do, etc...
Kind regards,
Shawn Beagle
USA
