Comment for Proposed Rule 75 FR 3281
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From:
Ferlin
Organization(s):
Comment No:
843
Date:
1/19/2010
Comment Text:
io-ooi
COMMENT
CL-00843
From:
Sent:
To:
Subject:
Ferlin
Tuesday, January 19, 2010 9:12 PM
secretary
Regulation of Retail Forex
You are effectively eliminating the little man from having a chance, my guess is there will be many
move to offshore accounts which we all know is way more dangerous than leverage
I am not opposed to regulation nor regulatory agencies. But that regulation needs to be fair,
transparent,
and open
to public input. Otherwise it becomes corrupt and self-serving Sure high
leverage can get you into trouble if used thoughtlessly. Sure hedging when not done properly turns one
loss into two. But I believe the cure is EDUCATION, not restricting what people can and cannot do
with their investment decisions. Guide, don't dominate - government was invented to protect people and
their property, not to limit their potential.
Thanks Ferlin
