Comment Text:
i0-001
COMMENT
CL-04120
From:
Sent:
To:
Subject:
Shawn Cofield
Tuesday, January 26, 2010 6:06 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
RIN 3038-AC61
I've been out of work since December 07. The only way I've been able to survive is
because of the current CTFC rules that are in place. 100:1 leverage. I make my OWN
money with my own trades and accept my mistakes! God knows unemployment checks
aren't worth a quarter in real life economic strains. Do not change it to 10:1 or you will
see the trading market evaporate. I am not opposed to regulation nor regulatory
agencies. But that regulation needs to be fair, transparent, and open to public input.
Otherwise it becomes corrupt and self-serving. Sure high leverage can get you into
trouble if used thoughtlessly. Sure hedging when not done properly turns one loss into
two. But I believe the cure is EDUCATION, not restricting what people can and cannot do
with their investment decisions.
"Men lie, Women lie, Numbers don't" S. Carter
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