Comment Text:
i0-001
COMMENT
CL-05540
From:
Sent:
To:
Subject:
Jeff Roberts
Tuesday, February 23, 2010 1:46 AM
secretary
Regulation of Retail Forex"
Hello,
The proposal to limit leveral~e to :10::1 is rel~ulatory overkill and a better solution is to have any retail customer submit a written confirmation
document statinl~ they have read the CFTC/NFA literature describinl~ the mechanics and risks of forex to the forex broker openinl~ an account.
Rel~ulation needs to eliminate the unscrupulous brokers and let the people I~row up by takinl~ the necessary risks without criminal interference.
This rel~ulation will not control but rather supress the level of democratic fiscal activity in a market with so much potential to educate and
support many citizens of the world.
It is risk that creates wealth to the extent we all find necessary to live a self-sufficient life.
Thank you for your time and attention,
Jeff Roberts
