Comment for Proposed Rule 75 FR 3281
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From:
Amy
Organization(s):
Comment No:
3168
Date:
1/23/2010
Comment Text:
i0-001
COMMENT
CL-03168
From:
Sent:
To:
Subject:
yinming407Osina, com
Saturday, January 23, 2010 8:31 AM
secretary
Regulation of Retail Forex
Dear Sir/Madam,
Good day!
I am a forex trader in China and I have been trading for about 5 years. I'm really
satisfied with US brokers.
I think US brokers are better than others as followings:
1, Strong and respectable regulation bodies,
2, Sound and sophisticated financial infrastructure,
3, US as a country have a tradtion for the protection of international investors,
4, US based forex firms are generaly more financially solid and well-managed.
Regarding your recently regulation proposal, I fully agree to enhance industry
oversight, but I don"t like put any restrictions on leverage. Leverage is a very
important tool for us seeking financial freedom as your Amercian, and lowering
leverage dramatically like this will not only hurt our clients feeling but also drive us
to other countries (ie. unregulated) brokers despite above advantage. This is not a
win-win situation, it"s a lose-lose situation that you probably wouldn"t expected.
Please reconsider your proposal.
Regards,
Amy
