Comment for Proposed Rule 75 FR 3281
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From:
Suzyn Posch
Organization(s):
Comment No:
2040
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02040
From:
Sent:
To:
Subject:
suzyn posch
Thursday, January 21, 2010 5:48 PM
secretary
Regulation of Retail Forex
Dear Secretary,
I recognizes the importance of regulation that strengthens industry oversight.
My son was wiped out by One World when they went bankrupt, sending the upper echelon to jail. A
feel-good action, but didn't help his bank account, Yes, the brokers must be carefully watched and
controlled.
However, I am a small time forex investor with limited funds so the imposition of large margins would
wipe me out of the market. I am aware of the dangers of high risk investments and it should be my
decision to take the gamble. Actually, all investments are a gamble.
Squeezing down the leverage for forex players would only result in investors turning to offshore
brokers not bound to your restrictions and taxes, Would this not result in the complete opposite effect
that the do-gooders are seeking, protecting the consumer?
Thank you for your attention,
Suzyn Posch
Yuma, Az
