Comment Text:
i0-001
COMMENT
CL-01405
From:
Sent:
To:
Subject:
Gabriel Forest
Thursday, January 21, 2010 12:15 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
To whom it may concern, I can't imagine that those who are trying to over-regulate the Forex Market
have ever traded forex themselves.
1) With your first-in first-out and anti-hedging rules, you have effectively prevented me from being able
to do any short term trading while holding on to my long term investments.
2) By de-leveraging my positions, you force traders to put too much money with one broker, effectively
causing us to be overexposed to that broker, who could go belly-up at any time.
I find it ironic and depressing that in a country that has prospered because of free markets, I am being
forced to send my money to overseas brokers in order to make sensible investments. This governmen
interference is only going to hurt those you are trying to help.
Please reconsider these rash and unsound regulations!
Thank you
-gabe forest, retail forex investor
