Comment Text:
10-001
COMMENT
CL-00560
From:
Sent:
To:
Subject:
Royce Barron < hrbarron@ hotmail.com >
Tuesday, January 19, 2010 1:00 PM
secretary < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
RE: RIN 3038-AC61
It is my very strong opinion that all forex traders should have the right to determine their own risk
level. I have been a small forex trader for 10 years and can assure you that any retail forex trader
who abuses or is ignortant of risk levels will soon not be a forex trader. Paying attention to risk
levels is a critical element of forex trading and is "self regulating" and does not need government
intervention.
The vast majority of retail forex traders loose money trading but that is no different than retail
stock, bond, or basically any financial product traders. The same can be said of the small new
business startup. That is what risk is all about.
Your proposed level of 10:1 will in effect element the retail trade in forex.
Royce Barron
801 794 3826
