Comment for Proposed Rule 75 FR 3281
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From:
Winston Klein
Organization(s):
Comment No:
1007
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01007
From:
Sent:
To:
Subject:
Winston Klein
Wednesday, January 20, 2010 3:08 PM
secretary
Regulation of Retail Forex
I believe that increased regulation brings credibility to the growing Forex industry, but I feel that
imposing onerous regulations is counterproductive in the marketplace. [] The 10:1 leverage "limitation"
you are proposing will only hurt the industry, and will work totally backwards from what you think. []
Smaller traders will totally disappear and those that do have money to trade with, will have to offer up
more (again, more will leave for warmer waters). [] Leverage and risk are two different things. [] Let the
individual trader decide how to best utilize them. [] Education, and not ridiculous regulation, is the key.
Thank you for your time,
W. Klein
Trader
Forex Industry Business Owner
