Comment Text:
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COMMENT
CL-04970
From:
Sent:
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(~c:
Subject:
Bert
Thursday, February 4, 2010 10:10 AM
secretary
[email protected]; [email protected]; [email protected]
Regulation of Retail Forex (NEW RULES TO ELIMINATE OUR
FREEDOMS)
CFTC and NFA Announce New Rules in the Retail Off-Exchange Forex Foreign Currency Market.
This is more "Obamanomics" in an effort to put all financial transactions under
Government control. Clearly a liberal progressive move to control more of our
freedoms! We are sick of it and this action must not happen! Retail traders would have
to invest significantly more to place trades of the same size, ultimately resulting in a
decreased return or loss on invested margin. The risk-reward ratio that is so appealing
to the average investor today under 100:1 leverage would no longer be available if this
proposal is passed, this is a decision to be made by the traders, not regulators!
DO NOT IMPLEMENT THIS ILL THOUGHT-OUT RULE!
Bert Walker
E-Mail:
[email protected]
