Comment Text:
i0-001
COMMENT
CL-00129
From:
Sent:
To:
Subject:
David W. Thomas
Friday, January 15, 2010 9:40 PM
secretary
Regulation of Retail Forex (R1N 3038-AC61)
Some regulations are definitely needed to protect us trading the forex market. The one proposed as limiting the
leverage of accounts to 10:1 is unacceptable and definitely untradeable. You will not need any other regulations
as there won't be anyone left trading forex in the U.S. with that regulation. Is restricting trading the forex to the
very wealthy your goal? Because the average person could not deposit enough money to even make a small
trade.
You cannot possibly, nor do you have the right, to limit people from making mistakes. Trading to make money
involves risk, there is no way to avoid that. You do not have the right to remove the ability to make money.
For further reference, see Say goodbye to retail forex in the USA.
David W. Thomas
