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Comment for Proposed Rule 75 FR 3281

  • From: Jeffrey Canida
    Organization(s):

    Comment No: 5934
    Date: 3/4/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05934
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Thursday, March 4, 2010 7:59 AM
    secretary
    Public Comment Form
    Below is the result of your feedback form. It was submitted by
    ([email protected]) on Thursday, March 04, 2010 at 07:58:50
    commenter_subject: Reulation of off exchange forex markets
    commenter frdate: 1/20/2010
    commenter_frpage: 75 FR 3281
    commenter_comments: I don't understand your motivation in seeking to
    over regulate the OTC foreign exchange industry. I
    believe you think you're regulation will stop the
    huge losses incurred by the small uninformed
    investor. This simply will not happen, unless you
    are planning on closing all forms of financial
    opportunity to the less financially savvy. There
    have been snake oil salesmen since the beginning of
    time, and they will exist as long as the ignorant
    exist. Regulation will not repair the human
    condition of greed driven blindness. The way I see
    it, you have proper regulation in place. Changing
    the regulation and potentially forcing good
    companies off shore, is poor use of your power as a
    governing body. Why punish honest hard working
    Americans chasing the dream?
    commenter_name: Jeffrey Canida
    commenter withhold address on: ON
    commenter_addressl : 391 Southgate Dr S
    commenter_city: Monmouth
    commenter_state: Oregon
    commenter_zip: 97361
    commenter~hone: 503-569-9559