Comment Text:
i0-001
COMMENT
CL-00767
From:
Sent:
To:
Cc:
Subject:
[email protected] on behalf of
Ashar Hanif, S.Kom
Tuesday, January 19, 2010 5:48 PM
secretary
[email protected]
Regulation of Retail Forex
Dear sirs:
Quote:
Your proposal of regulation of Retail Forex has many potential problems. I realize you may think you
are protecting retail traders interest but by limiting leverage to 1011 you are forcing retail traders off
shore. Just like The FIfO rule did. This will be an even bigger blow to the forex market. Your actions if
this is implemented will drive American brokers either out of business or off shore. That is less money
for America's economy. Is that what you really want?. More unemployment and less money legitimately
flowing into the economy.
While I agree that some regulation is needed, There comes a time to let the free market be free. I have
already moved my money to the UK and will continue to do so if these policies are implemented. You
won't stop the corruption you are just moving it off shore making it even harder to catch. Please end this
game of "whack a mole"
Thank you for your time.
Best Regards,
Ashar Hanif, S.Kom
WSSFX - Forex Consultant
Central Park Regency B-12
Surabaya, Indonesia.
Office : +62.31.331.72761
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Email : [email protected]
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