Comment Text:
i0-001
COMMENT
CL-00211
From:
Sent:
To:
Subject:
113 S
Saturday, January 16, 2010 10:06 PM
secretary
Regulation of Retail Forex
Dear sir or Madam, the proposed regulation to limit leverage on retail Forex accounts to 10:1 may have been
well intended, but ill thought out and self destructive in nature. The US has already seen massive amounts of
investment capital move off shore due to FIFO and Hedging regulations. Do you want to completely destroy the
individual Forex market in the US?
Foreign brokers have got to be licking their chops over this one. Why not just shut down the Forex market in the
US? This regulation will have the same effect. I for one will no longer be trading Forex in the US, and I know a
number of my fellow traders that have already switched to foreign brokers .....Swiss especially. Please reconsider
these proposed regs before it is too late.
Sincerely, Arthur Beck... Hawaii
