Comment Text:
i0-001
COMMENT
CL-05038
From:
Sent:
To:
Subject:
Brett Campion
Friday, February 5, 2010 2:57 AM
secretary
Regulation of Retail Forex
Consumers who frequently trade on the foreign exchange are aware of the risks involved. Changing the
leverage requirements to the level you are proposing is detrimental to the industry, not to mention the
average person. Anybody who trades forex should absolutely be aware of the laws and regulations of the
industry, but it is ridiculous and un-American to deny most people the right to trade the most liquid
market in the entire world. This should absolutely not be allowed and will immediately take out many
people that are profitably trading the foreign exchange, regardless of their success. The Government
should not limit the few with the capital required to trade when the foreign exchange market is one of
the most liquid in the world. Lehman Brothers and Bear Stearns were some of the most owned stocks on
the NYSE, yet there was more risk in owning them than any currency but there is no regulation on who
can and cannot own equities. Why is this any different for currency? Anybody trading these likely has
the knowledge and experience to do so, or at least has done enough research to know the risks involved.
Denying the average person to do this is unfortunate and denies the principles that this country was
founded upon. I will not stand for such horrible laws and regulation.
-Brett Campion
