Comment Text:
i0-001
COMMENT
CL-05085
From:
Sent:
To:
Subject:
Aspet Grigoryan
Saturday, February 6, 2010 2:46 AM
secretary
I strongly oppose the proposed legislation on the forex market!
02/05/2010
To Whom It May Concern,
The proposed legislation to decrease the amount of leverage used by retail traders on the FOREX spot
market and/or increase how much margin is required in a trading account is not in the best interest of the
retail trader. Leverage is a vital tool needed to wealth creation. The trader should have the ability to
decide what his risk tolerance is. Learning to trade is a trial and error process. Let us learn from our
mistakes. If government is serving the best interest of the public then it should invest in eduction. This is
the kind of red tape that the CFTC eliminated in the 1990's. Why does our government want
international brokers to be more competitive then domestic brokers? We want capital to stay in our
banks and not be sheltered in Swiss bank accounts. Sometimes I get this feeling that legislators get
bored and want to fix something that is not broken. At most this legislation will treat the symptoms and
not the cause.
Thank you!
Aspet Grigoryan
Glendale, CA
