Comment Text:
i0-001
COMMENT
CL-04230
From:
Sent:
To:
Subject:
Erich Boenzli
Wednesday, January 27, 2010 8:09 AM
secretary
"Regulation of Retail Forex"
Mr. Secretary:
I can not find better words to describe my position on all this than those from
Andrei Pehar, Chief
Currency Strategist at fxKnight, com.
Andrei says: "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. Guide, don't dominate - government was invented
to protect people and their property, not to limit their potential.
Sincerely,
Erich Boenzli
RIN 3038-AC61
