Comment Text:
i0-001
COIMMENT
CL-04660
From:
Sent:
To:
Subject:
Michele Mackin
Sunday, January 31, 2010 12:37 PM
secretary
Regulation of Retail Forex
Regulation of Retail Forex"
in the subject line. Also, include
"RIN 3038-AC61"
Dear Sir or Madam:
I am writing to voice my opinion of the new proposed rules in the world of foreign currency trading. I
agree with the proposed regulations concerning forex brokers. I think that any agency who is
responsible for handling my money should be registered and deemed "worthy" by a regulatory agency
willing to back it up. However, I do not agree with regulation limiting the amount of money I want to
invest (the 10:1 maximum proposed leverage) in a forex trade. I haven't heard of the stock market
limiting the amount of stock you can buy, and I don't believe that I have ever heard of a limit on the
amount of money a private owned business can make, so why limit me in my own private
forex investments? Education is the key to informing investors about their investments, so requiring a
disclaimer by each broker concerning leverage amounts I believe is the more sensible solution.
Thank you for your time and consideration.
Regards,
Michele Mackin, private investor in the forex markets
609-788-4330
