Comment Text:
i0-001
COMMENT
CL-06139
From:
Sent:
To:
Subject:
[email protected]
Friday, March 5, 2010 10:46 AM
secretary
Regulation of Retail Forex
David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
Dear Mr. Stawick,
I am opposed to RIN 3038-AC61. This is a restriction on the average retail forex trader. It will increase the
required account size by a considerable amount to carry on the same level of trading. Those traders will either
have to settle for reduced profits or abandon trading. This regulation will force many traders to abandon the
forex market. It will not prevent anyone from depleting their account. Poor trading habits do that. Responsible
traders know how to protect their assets. If by this regulation you are trying to get me out of forex trading in the
United States, you certainly will when it passes. I will explore the possibilities of establishing a foreign account.
Thank you,
Charles Kapp
