Comment Text:
i0-001
COMMENT
CL-05025
From:
Sent:
To:
Subject:
Bcarbon
Thursday, February 4, 2010 7:23 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61 David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
I am writing in regards of the proposed new leverage and minimum margin requirements for retail forex accounts.
I firmly believe that the US is the Flag of Freedom in all the extend of the word. However this concept is changing.
The many "unnecessary regulations" that the government agencies are imposing in the market are making it very difficult to
trade
in the US, e.g FICO rule and no hedging, and made other countries that don't impose all these unnecessary rules more
attractive
for the individual trader. I want to keep trading in the US but it is becoming increasingly difficult to do so for the previous
reasons.
I plead with you to keep the market as simple, open and free as it has always been.
This rules are supposed to protect people against loosing money. However, in my opinion, this rules are keeping traders from
making
money, at least in the US and leading our americanforex brokers to economic disaster since they will be left without retail
customers. Americans have the freedom to look for
more friendly markets overseas .
Once more please do not pass the proposed regulation on leverage and margin for the Forex Retail Market.
Sincerily,
BatyaCarbonera
[email protected]
