Comment Text:
i0-001
COMMENT
CL-04865
From:
Sent:
To:
Subject:
Robert Rosskopf
secretary
Regulation of Retail Forex
I don't believe that restricting leverage on Forex trading accounts will have a beneficial effect on the US market.
The stated reasons for changing the leverage ratio don't seem to take into account that Forex trading is zero-sum
trading. A change in ratio would only decrease profits without any potential benefit. Slowing the potential loss
also slows the potential gain to an equal degree. I fear that any attempt to restrict trade will likely result in a
collapsed monetary system. Politicians seem intent on creating their version of a perpetual motion machine,
where profits are legislated from the bench. I prefer the risk of freedom to the safety of totalitarianism.
