Comment Text:
i0-001
COIMMENT
CL-00646
From:
Sent:
To:
Subject:
Lee Bryant
Tuesday, January 19, 2010 2:25 PM
secretary
Regulation of Retail Forex
Dear Sir/Madam,
I am writing to express my strong objection to the 10:1 leverage restriction on retail trading.
I believe this would greatly damage the entrepreneurial nature and incentives for people to trade and to
turn their lives around, indeed the tenets of the foundation of the American Dream and Ideology.
Education is the key not relentless micromanagement and a super restrictive trading environment. I am
all for regulation, in a fair and transparent way to make the markets stable and robust, however this new
rule would only hurt the retail trader, if it was being introduced for noble reasons such as the concern of
overleveraging then it should be applied to large financial institutions and not the humble retail trader
who has very little impact on the overall market.
Myself and many fellow traders object to this rule wholeheartedly and will do whatever it takes
politically to oppose such obstructions to the normal persons capacity to make themselves financially
comfortable, indeed this rule would favour the rich and disadvantage the beginner trader immensly.
Hope you take the huge public opinion on this matter seriously.
Thanks in advance
Lee Bryant
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