Comment Text:
i0-001
COMMENT
CL-05084
From:
Sent:
To:
Subject:
Omowunmi Soremi
Saturday, February 6, 2010 2:33 AM
secretary
Regulation of Retail Forex
Good day,
My name is Omowunmi Soremi. I am a forex retail trader. I will like to voice my concern about the said
proposal. I am against the 10 to 1 leverage regulation. I think this will limit profitability for retail traders
which will likely discourage retail trading. Also, it will put a limit to who can trade the market easily
without necessary having huge capital investment in it. I think any logical regulation intended for
economic growth of any sort should be about increasing the possible income of traders, and not
decreasing them. Or are the government regulations no longer about economic growth? Government
should please do a re-think and not discourage the effort of its few citizens who are trying to increase
their economic productivity through trading and investing rather than simply consuming. This will be
more people-friendly and beneficial to individuals and the country economically.
Thank you very much.
Omowunmi Soremi
-*Wunmi*-
(..!~.. Omo)
"Government is not the problem and government is not the solution ....We are the solution." - Bill
Clinton
