Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Shawn Beagle
    Organization(s):

    Comment No: 4
    Date: 1/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00004
    From:
    Sent:
    To:
    Subject:
    shawn0208@gmail.com <"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

AttachmentEdit
CL-00004.pdf