Comment for Proposed Rule 75 FR 3281
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From:
Jason Demitrios
Organization(s):
Comment No:
3101
Date:
1/23/2010
Comment Text:
i0-001
COMMENT
CL-03101
From:
Sent:
To:
Subject:
jason demitrios
Saturday, January 23, 2010 1:25 AM
secretary
Regulation of Retail Forex
Sir/Madam
It is commendable that the US Government wants to regulate the Forex market to take care of the few "bad
apples" in the industry but to regulate it to the point that is proposed seems to be preposterous.Please revisit the
proposed regulation and perhaps introduce certain trading thresholds for "newbies", "medium/average" skilled
traders and then maybe a "fulltime/professional trader" status
The danger here is that this propsed regulation is going to reverberate around the Globe like the proverbial
tsunami wiping out not just the small trader in the US but in all other countries where Retail Forex is traded as the
US is setting the pace for all other countries
I hope that you will take this into consideration,
Thank you,
Jason Demitrios (from sunny South Africa)
