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Comment for Proposed Rule 75 FR 3281

  • From: Adrian Pasieka
    Organization(s):
    Pressiton Group

    Comment No: 5865
    Date: 3/3/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05865
    From:
    Sent:
    To:
    Subject:
    woj [email protected] on behalf of
    [email protected]
    Wednesday, March 3, 2010 11:54 PM
    secretary
    Regulation of Retail Forex
    Dear Comission,
    I am not sure if you fully realize what the "Retail Customer" really means, and that you are
    destroying maybe only ONE financial future for thousands of people.
    First off all a new Retail Customer is typically using only small amount of his money, regardless
    what the leverage is.
    If someone starts with the 200 USD account and uses higher leverage, one will just lose the money
    quicker if he/she doesn't know how to trade. Do you really think that people are spending 200 USD
    to trade 2 times only? If somebody acts like that you should also propose to close all the CASINOS
    in the US.
    Have you ever checked a history of the accounts with the brokers? Do you really think that the
    brokerage online business would be one of the fastest developing businesses in the world because
    the clients are losing money?
    All brokers are offering FREE practice accounts, many of them for UNLIMITED time. Nobody is
    forcing anybody to use 1:100 leverage.
    HAVE YOU EVER THOUGHT THAT FOREX CAN BE A SOLUTION FOR AFRICA? THAT WHEN THE
    INTERNET GETS TO THE AFRICAN VILLAGE AND THE SMARTEST PEOPLE LEARN HOW TO TRADE
    THEY CAN MAKE MONEY FOR FOOD AND MEDICINES? THE SAME APPLIES TO MANY POOR
    COUNTRIES.
    But the really upsetting thing is which you can read about here:
    http ://www. bloom berg .com/a pps/n ews? pid = 20601087&sid =a7 UTn7J Fw lq k
    Just keep yourself busy with people who are trying to find an additional source of income instead of
    going for the unemployment benefits, and wait until the final crisis caused by the Financial
    Institutions destroys the USA, and your grandchildren will speak Chinese. Congratulations.
    Kind Regards,
    Adrian Pasieka
    Owneri0-001
    COMMENT
    CL-05865
    Pressiton Group
    www. pressiton usa.corn
    www.pressiton.com
    Design District
    4100 North Miami Avenue
    Miami, Florida 33127