Comment Text:
i0-001
COMMENT
CL-04050
From:
Sent:
To:
Subject:
Philippe Dixon
Tuesday, January 26, 2010 10:46 AM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
To the Secretary,
I have been a trader for over five years now. I believe that regulation is an important part of the
market that helps provide a trusting environment for everyone in involved in a financial
transaction. Ithink results of not having regulation in markets speak for themselves as is evident
with the housing meltdown we've experienced. I also believe forex should be more regulated but
not by reducing the amount of leverage the market is allowed to use. Theforex market allows a
unique opportunity for traders of all income levels to be involved in the market where they may be
priced out of larger markets like commodities or large stocks. The problem with the forex market
seems to be brokers actually paying their customers after successful trading as well as price
manipulation in data feeds since a lot of brokers do not actually pass your order into the market
and just act as the buckets shops of old did. Please reconsider throwing the baby out with the
bathwaterand address the problems that do disservice to the retailforex market. Thank you for
your time.
Philippe Dixon
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