Comment Text:
i0-001
COMMENT
CL-06377
From:
Sent:
To:
Subject:
contrastar@comcast, net
Saturday, March 6, 2010 10:35 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear Sirs,
I like the idea of reducing the risk to investors. However, it is obvious that you are going about this the
wrong way. By raising the minimum to $10,000 you have eliminated access by the small investors. It would
still be risky, but make a lot more sense to reduce the lots to 10 and the margin to 1:10 instead of 1:100 and
to keep the required balance at $1,000.00! By raising minimum balance higher, it will exclude the common
man and leave the profit taking to mostly the corporate investors. The primary reason this country as a
whole is in the doldrums is that corporate investors manipulate profit taking - in all market arenas - and the
common individual has to pay for those profits. All the while access to a smaller and smaller pie is
made available to common individual.
Once the well is sucked dry, people panic! President Jackson eliminated the National Bank due to
corruption such as this. Corporations were sucking all the profits forcing the common man to pay. Be part of
the solution to getting this country back on track, not part of the problem! This country will always remain
strong economically as long as there is a reasonable amount of fairness and prosperity for all. Keep the
minimum balance the same, changing it, changes opportunity for loss or profit.
Regards,
Richard Coleman
