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Comment for Proposed Rule 75 FR 3281

  • From: Marklgroadrunner
    Organization(s):

    Comment No: 6402
    Date: 3/6/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06402
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Saturday, March 6, 2010 4:39 PM
    secretary

    regulation of retail forex
    Re: rin3038-ac61
    Dear sir;
    Please be advised that anyone with the desire and ability to speculate in the forex markets does understand the positives &
    negatives of high leverage. It's one of the reasons they are in this market. They also provide the liquidity that makes these
    markets highly efficient and a true reflection of current value. No one entity can move these markets for more than a few
    moments, except of course the big central banks. It is the speculators who keep these markets in proper balance so that these
    markets offer fair value. Without the huge number of "speculators", these markets would fall prey to the hedge funds, mutual
    funds, financial institutions and investment banks that would be able to bully these markets. Every investment entails
    inherent risk. I'm a big boy, let me decide how I want to risk my money. It is we the speculators who help keep these
    markets vibrant & fair.
    Thank You, A currency speculator