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Comment for Proposed Rule 75 FR 3281

  • From: Jeffrey Parker
    Organization(s):

    Comment No: 5240
    Date: 2/8/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05240
    From:
    Sent:
    To:
    Subject:
    Jeffrey Parker
    Monday, February 8, 2010 8:13 PM
    secretary
    Regulation of Retail Forex
    The effort to restrict leverage across the board to 10 to 1 is just another example of segregating the
    rich from the poor -- removing yet another opportunity from the "everyman" and allowing it only
    for those who are already wealthy. The Forex community, as it exists now, had nothing to do with
    the recent economic collapse and is an easy scapegoat for those politically motivated to appear like
    they're actually doing something, or that they're making a difference in the minds of those who do
    not trade the Forex market let alone understand it.
    Jeff Parker