Comment Text:
i0-001
COMMENT
CL-06182
From:
Sent:
To:
Subject:
[email protected]
Friday, March 5, 2010 11:45 AM
secretary
Regulation of Retail Forex, Just Don't Do It
RE: RIN 3038-AC61
Raising the margin requirements on retail FOREX accounts will most
likely greatly reduce access to these markets, if not destroy this
industry in the USA entirely. As a relatively new participant in this
market I have diligently been studying and working to build a business.
The proposed regulation could very well prevent my further success, if
not prevent pursuing this business entirely, and deprive others of the
great opportunity these markets provide. Given the economic climate of
the past two years it is startling that government would take an action
to limit trade, and drive customers to foreign entities where US
citizens would be less protected than we are now. The margin
requirements should be left to the market participants as both the
traders and brokers are taking the risks, and are well aware of them.
So please do not take this action.
E. Albright
