Comment Text:
i0-001
COMMENT
CL-05269
From:
Sent:
To:
Cc:
Subject:
Burt Hicks
Tuesday, February 9, 2010 11:21 AM
secretary
[email protected]
Regulation of Retail Forex
Gentlemen:
Further tightening of margin requirements in the forex markets will only favor control of
currency exchange by governments, large banks and other financial institutions. They are the
ones who need to be more highly regulated, if you believe that speculators are to blame for our
financial woes.
The current ratios allow us, the public, to participate in preserving our new worth by following --
or even predicting -- moves by various governments that would otherwise destroy savings, etc.
And of course, speculators provide the liquidity necessary for risk sharing by larger
companies, etc.
Please don't blame the janitor when the CEO miscalculates.
Sanford H. Hicks
28221 Stanley Ct.
Canyon Country, CA 91351
