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Comment for Proposed Rule 75 FR 3281

  • 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