Comment for Proposed Rule 75 FR 3281
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From:
Fungerayi Manyarara
Organization(s):
Comment No:
1823
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01823
From:
Sent:
To:
Subject:
fungerayi.manyarara@blackberry, orange, co.uk
Thursday, January 21, 2010 12:54 PM
secretary
Regulation of Retail Forex
Do you realise that indivduals who trade currencies (Spot FX) have a clear understanding of the use of leverage and what risk
means. As all retail forex traders are self funded and do not rely on endless government bailouts or asset purchases, 1 feel
your motives may be as a result of lobbying by exchanges (a.k.a Chicago Mercantile Exchange). Protecting the public is part
of your duties, but PATERNAL STYLE REGULATION is NOT WELCOME
Leverage, risk and Spot FX market structure is well known among retail forex traders, so please leave our environment alone.
We are NOT like Walmart checkout clerks who were buying condos in Florida in 2006, but dedicated traders who have spent
considerable time and effort studying our craft
Your proposals are CLASSIC BEAURACRATIC PEN PUSHER IDEAS, please use your intellect appropriately.
Regards
Fungerayi Manyarara
Sent using BlackBerry@ from Orange
