Comment Text:
i0-001
COMMENT
CL-06355
From:
Sent:
To:
Subject:
Karungo Lawrence
Saturday, March 6, 2010 3:28 AM
secretary
Regulation of Retail Forex
dear sir
This brief email is in response to the proposed regulations of retail forex.
i believe that the proposals are in good faith, but at the same time they will be locking out potential investors
who have not yet met the margin requirements for investing as per your proposals.
i also do believe you are trying to protect investors from unsustainable risk exposure, but we are all aware of
the risk prior to our taking the decision to invest,and this has been loudly expressed by the fund managers
and forex brokers, and so the decision to trade by an individual is determined by the risk exposure he/she
can accommodate.
so instead, i would propose that it be made more clear that investing is extremely risky and that anyone who
decides to invest is under the assumption that he/she has adequate knowledge and acceptable risk
exposure determined by the investor.
any success in the proposal being passed will lock out genuine investors and so we are requesting that you
rescind it.i hope that you will take our request into consideration and let not only the number of investors
opposing determine your final decision but the logic behind our decision to invest.
yours faithfully
Lawrence Karungo
