Comment Text:
i0-001
COMMENT
CL-05642
From:
Sent:
To:
Subject:
jamie s [email protected]
Monday, March 1, 2010 12:40 PM
secretary
Regulation of Retail Forex
Dear Secretary,
I have read with great interest your proposals for regulating the retail foreign exchange market. Whilst areas of the
proposed regulation would help retail traders, I also feel that parts of it are quite insulting to us. If we feel the need
to only use leverage of 10: 1, then we are able to choose that, and I do not agree that you should impose
restrictions on us when we are investing. Will you also be limiting hedge funds and investment banks to 10:1
leverage? If these proposals are to go ahead then I shall move my money offshore without a moments hesitation,
which will further deprive your economy of jobs at a time when you need every little bit of investment. That's not a
threat, but merely a reflection of my sadness that your government would feel the need to meddle and play the role
of 'nanny' state who feels they know better.
Regards,
Jamie Weir
Sent from the awesome BlackBerry® wireless device of Jamie
