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Comment for Proposed Rule 75 FR 3281

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  • From: Elizabeth Gard
    Organization(s):

    Comment No: 1972
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01972
    From:
    Sent:
    To:
    Subject:
    Beth Gard
    Thursday, January 21, 2010 4:18 PM
    secretary
    'Regulation of Retail Forex'
    Dear Secretary,
    I am dismayed to hear that you are proposing a change to the trading leverage currently in place in the
    Forex Market. I understand that supposedly this change is to "protect" the retail trader.
    What happened to America? I know the risks they are spelled out everywhere and if l choose to take them
    shouldn't I be allowed to?
    Are you then going to make the brokers insure the retail trader's money in our accounts since what you
    propose will make us have to place substantial money in uninsured accounts?
    So come to think of it who is this really benefitting? It is certainly not the retail trader.
    I am opposed to this suggested regulation,
    Elizabeth Gard
    identification number RIN 3038-AC61