Comment Text:
i0-001
COMMENT
CL-06035
From:
Sent:
To:
Subject:
Matt
Thursday, March 4, 2010 4:26 PM
secretary
Regulation of Retail Forex
To whom it may concern,
It was not the foreign exchange market that caused our current crisis, nor was it retail traders. What caused our crisis was
low interest rates, a lack of regulation, and greed. I think it is unfair to punish the retail community be enacting a regulation
that does no good for anyone. Retail forex trading provides tax revenue for the government and an increased regulation will
only cause people to move away from forex, which will in turn cause less tax revenue to come in to the government and
lower liquidity in the forex market for companies and governments who need to hedge. I believe this is a bad regulation and
I vote that it not be passed.
Thank you,
Matt
