Comment Text:
i0-001
COMMENT
CL-05176
From:
Sent:
To:
Subject:
Monica Nikopoulos
Monday, February 8, 2010 12:26 PM
secretary
Regulation of Retail Forex
I've been trading forex for over 3yrs. I'm vehemently against this new, narrow sighted legislation.
This has the possibility of seriously crippling retail investing and revenues. Forex brokers go well beyond average means to
ensure investors are well informed about the risks using higher leverage. The amount of leverage used should be at the
discretion of the investors, not regulated by a narrow sighted, ignorant councel. You do not regulate how much capital we
may bring into the market, neither should you regulate how we choose to leverage it to ensure our gains. This will also have a
detrimental impact on the taxes you will be collecting from us for such an unsubstantiated regulation.
Do the math!! We lose on gains, you lose on taxes from us!! How is this a benefit to anyone?!?!?!
Monica Nikopoulos
