Comment Text:
i0-001
COMMENT
CL-04917
From:
Sent:
To:
Subject:
fangwei lee
Thursday, February 4, 2010 3:08 AM
secretary
Regulation of Retail Forex
Restricting leverage to 10-to-1 make rich people richer and leave poor people no chance.
One thing I like about this country is the freedom that this environment provides us. We can be
conservative to preserve our capital, and we can also take risks for corresponding rewards. Everyone, no
matter what race, gender, social status, financial status you are, have equal opportunity. However,
restricting a free market by a random arbitrary number is going to kill the freedom. Average people like
us no longer have the opportunity to plan for our retirement via careful risk management, because there
is no reward anymore. Imagine a lottery restricting its jackpot to $100, I don't think anyone would
participate this kind of lottery. Rich people, in the other hand, can still grow their asset by purchasing
hedge fund or from their company. In the end of the day, rich people get richer, and poor people get
poorer.
Sincerely for your consideration,
Fangwei Lee
