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Comment for Proposed Rule 75 FR 3281

  • From: Anthony Walker

    Comment No: 8
    Date: 1/14/2010

    Comment Text:

    Anthony Walker
    Thursday, January 14, 2010 10:09 AM
    Regulation of Retail Forex
    On the subject of regulating retail forex, plan and simple ............ STAY OUT OF TRYING TO RUN MY PERSONAL
    LIFE!!!!!!!! I am an adult and know how to handle my finances. We don't need the government to think it should
    stick it's nose into every part of our life. I trade retail forex on the side and have a full time job. I have taken the
    time to learn how to use a small account and trade it how I want to. I only use 50:1 leverage and if you reduce it
    anymore the chance of making enough money to make it worth while will take more money than I can come up with
    to fund my account. What you are doing will actually make the small trader loose more money because they will put
    money in the account that they can't afford to in order to get enough in there where a trade generates any kind of
    profit at all. Doing this will take the small trader out of the market and that's not fair to the small retail
    trader. Quit treating the small guy like some kind of idiot that you don't want playing in the sand box with the big
    boys. Stay out of our lives and do what the government is supposed to do!!!!!! I am totally against this
    Anthony Walker