Comment for Proposed Rule 75 FR 3281
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From:
Bruce Webb
Organization(s):
Comment No:
1371
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01371
From:
Sent:
To:
Subject:
Bruce Webb
Wednesday, January 20, 2010 11:33 PM
secretary
RIN 3038-AC61
Dear Secretary,
I would like to take a moment to register opposition to the proposed regulatory measures regarding
ForEx trading accounts.
Like all of the traders I know, I am well aware of the risks involved in trading and welcome them. That
is an inherent part of the enterprise. The lure of the markets will simply lead people to lose more money,
many times. Sophistication is not a prerequisite for wealth.
Moreover, if the entry cost becomes too high, then small investors like myself, would never learn to
trade, while this is a secondary consideration, to be sure, it is still an important distinction of the ForEx
market: low barrier to entry makes it possible to learn while doing rather than through virtual or "paper"
trading.
Please take the most care and consideration in this matter
Sincerely,
Bruce Webb
