Comment Text:
i0-001
COMMENT
CL-05184
From:
Sent:
To:
Subject:
Attach:
[email protected]
Monday, February 8, 2010 12:59 PM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first_name Bethany
last_name Roper
address1 8103 FM 1488 Rd.
city Magnolia
country United States
us state TX
zip 77354
company
Dear Mr. Secretary,
I am writing to comment on the regulation proposal RIN3038-AC61. I believe the intent is to
protect traders from various forms of abuse. I believe there is a need for protection from
unscrupulous organizations and I am in favor of protecting a person from any type of fraud,
scam or downright theft. At the same time for my appreciation for the aforementioned, I am
not in favor of limiting a retail forex customer?s ability to use leverage to whatever amount he
deems suitable. The leverage limitation is essentially protecting a trader from himself.
I have found an enormous amount of educational material online, through my brokerage and
at seminars. I have spent ample hours and ample dollars in order to learn and to understand
the implications of leverage.
The proposal should not focus on leverage. If the leverage limitations are imposed it would
severely limit my ability to be successful.
I urge you to stop the leverage limitations and to focus on the wrong doings in the industry.
Respectfully,
Bethany Roper
8103 FM 1488 Rd
Magnolia, TX 77354
