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Comment for Proposed Rule 75 FR 3281

  • From: Eduardo Medina
    Organization(s):

    Comment No: 579
    Date: 1/19/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-00579
    From:
    Sent:
    To:
    Subject:
    Eduardo Medina
    Tuesday, January 19, 2010 1 : 13 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    I can not find better words to describe my position on all this than those
    ofAndrei Pehar, Chief
    Currency Strategist at frKnight.
    Andrei says: "I am not opposed to regulation nor regulatory agencies. But that regulation needs to be
    fair, transparent, and open to
    public input. Otherwise it becomes corrupt and self-serving Sure high
    leverage can get you into trouble if used thoughtlessly. Sure hedging when not done properly turns one
    loss into two. But I believe the cure is
    EDUCATION, not restricting what people can and cannot do
    with their investment decisions. Guide, don't dominate - government was invented to protect people and
    their property, not to limit their potential."
    RIN 3038-AC61
    I love the freedom the we have in this country, and to have thees regulation is to take our responsibility
    away from us.
    If we going to continue grown is a country we need to allow people to have personal responsibility.
    Eduardo Medina
    [email protected]