Comment Text:
i0-001
COMMENT
CL-05337
From:
Sent:
To:
Subject:
[email protected]
Friday, February 12, 2010 12:10 AM
secretary
Regulation of Retail Forex
re: RIN 3038-AC61
I am a small retail trader and your new proposed rules for the forex market will have a very negative effect on
my trading and the ability to support myself. I realize that high leverage and hedging can cause losses but with
the correct money management rule that I employ the risk is acceptable. Managing your account, on going
education, and a lot of practice are the key; not government regulation.
Stopping the use of hedging and fifo (first in first out) was bad enough but 10 to 1 leverage make it impossible
for me to trade, to make a living. What I can and cannot do with my investments is my decision.
Please do not enact RIN 3038-AC61 .
Thank you,
Ruth Schmidt
