Comment for Proposed Rule 75 FR 3281
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From:
Karoly A Szoke
Organization(s):
Comment No:
2557
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02557
From:
Sent:
To:
Subject:
Karoly A. Szoke
Friday, January 22, 2010 9:44 AM
secretary
Regulation of Retail Forex
To whom it may concern:
The proposed regulation "R1N 3038-AC61" is for all purposes an over reaction to the wall street debacle
of 2007-2009. It has a negative impact on active traders who are looking for opportunities in an every
diminishing pool of opportunity and eliminates the average forex retail customer from the expectation
of reasonable reward to risk. Much of the failing of forex traders are from inexperienced and improperly
trained individuals who did not understand the importance of money mangement techniques and a
proper persepctive of risk(loss) in the forex market. In effect, RIN 3038-AC61 is a penalty against the
retail forex customer and not a protection against supposed negative practices by forex brokers. I am
opposed to the implementation of R1N 3038-AC61, because it curtails my right as a retail forex
customer to choose the amount of leverage and risk that I am willing to accept and passes that choice to
your commission.
Sincerely,
Karoly A. Szoke
