Comment Text:
i0-001
COMMENT
CL-05886
From:
Sent:
To:
Subject:
Richard Ngo
Thursday, March 4, 2010 1:44 AM
secretary
Regulation of Retail Forex
Dear Mr Stawick:
I understand the need to regulate and protect clients in the foreign
exchange market. But please do not let this go through. I'm
specifically concerned about the 10 to 1 leverage regulation. I left
the stock market for this exact reason. Over regulations made it
difficult for individuals to trade and invest. I sat by and watch big
banks practically control the stock market.
Doing this would force most individual clients either out of the
country or out of the market all together.
I understand the need for anti-fraud however my personal belief is
this. I am a legal adult and I'm responsible for my actions. If I fall
victim to a scam that is my fault for not doing the proper research
before hand to avoid it.
Sincerely,
Richard Ngo
