Comment Text:
i0-001
COMMENT
CL-00663
From:
Sent:
To:
Subject:
fred lax
Tuesday, January 19, 2010 3:11 PM
secretary
Regulation of Retail Forex
Gentlemen, Ladies:
I am writing you regarding pending regulation of the retail forex market, RIN 3038-AC61. I am a current
forex trader just starting out and I feel that such regulation should not be applied. There are multiple ways
traders have to decrease the amount of at risk funds ranging from demo account through micro and mini
accounts. All traders are forewarned repeatedly about the judicious use of leverage by brokers, educational
firms and other traders.
The ability to use higher leverage is a major attraction to the forex markets throughout the world and I
would prefer to keep my business here where the brokerages are safer. As for the small account I used to
start up more than a year ago, I still have it all despite my beginner status. Forex was one of the few places
where I could invest a small sum safely, learn the business, and later earn a living.
I urge you to leave US forex market in peace.
Sincerely,
F. Brundleman
