Comment Text:
i0-001
COMMENT
CL-04065
From:
Sent:
To:
Subject:
Stephen O'Connor
Tuesday, January 26, 2010 11:59 AM
secretary
10:1 Forex legislation
This in theory may seem like a good idea. However the point of a free market is just that, free to succeed or fail
according to one's own talent!
When a Forex trader doesn't lose money, It's the result of careful money management techniques and
experience.This ten to one rule simply
attempts to child proof the market and will punish all those who spent years practicing good technique! Buy the
way, it's also going to put alot
of good folks out of work.The Madoff affiar was the result of Federal regulators simply not doing their job with the
rules that were in place. Now
were going too far in the opposite direction. Namely over the top, unnecessary regulation.
Regards
Stephen O,Connor
