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Comment for Proposed Rule 75 FR 3281

  • From: Hunter Myers
    Organization(s):

    Comment No: 1427
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01427
    From:
    Sent:
    To:
    Subject:
    Hunter Myers
    Thursday, January 21, 2010 12:42 AM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    This proposal is completely ridiculous, and I disagree with it vehemently. High leverage is not the
    reason why retail traders lose money! People lose money because they try to trade without
    learning how first. Anything done poorly can lead to harm. You may as well ban gambling,
    drinking, smoking, motorcycles, and any number of things as well. Legislation like this meant
    only to protect the inept serves no purpose; the ignorant do not learn, and those who are
    successful suffer. Please try solving some real problems and leave Forex alone.