Comment Text:
i0-001
COMMENT
CL-00383
From:
Sent:
To:
Subject:
Gavin Hooley
Monday, January 18, 2010 11:02 PM
secretary
Regulation of Retail Forex
To Whom It May Concern,
I'd like you to reconsider further regulating a market that needs no further regulation. You cannot
continue to play "big brother" and protect people from themselves. This country is about success and
failure and through failure one finds success with the proper amount of dedication and education. You
cannot protect investors from themselves. If someone wants to invest in a market they must understand
the risks they are taking and then CHOOSE FOR THEMSELVES. All you're going to do is cost
thousands of more jobs in the American retail forex industry which will further impact MORE jobs and
harm to our economy. THE BOTTOM LINE IS YOU CANNOT PROTECT SOMEONE FROM
THEMSELF! Leave the markets alone and they'll regulate themselves. Why is it that you guys FAIL to
recognize that? Take a look at Chile and get a good taste of what FREE MARKET principles can do for
a country .... standard of living DOUBLING every 17 years when it was only happening every 100+
before they started enacting more FREE MARKET PRINCIPLES. Are you going to start "protecting"
entrepreneurs from investing too much of their money in a small business venture when the majority of
them fail? This regulation garbage has to stop, HISTORY HAS PROVEN IT DOES NOT CREATE
PROSPERITY and I challenge you to prove me otherwise! .......
Gavin Hooley
US Retail Forex Trader
(That makes a living on his higher leveraged account to SUPPORT HIS FAMILY!)
