Comment Text:
i0-001
COIMMENT
CL-06456
From:
Sent:
To:
Subject:
stanley s. lewis
Sunday, March 7, 2010 8:07 AM
secretary
Regulation of Retail Forex
Gentlemen;
In my opinion {I am a Md. voter] the proposed change of ratio allowed in forex trading to a maximum of 10:1, in law RIN 3038-AC61.
Will not accomplish anything that you desire.
1. All really serious forex investors will figure out a way to open a foreign account. They will be able to do that simply report earnings
as foreign earnings. And then you have no regulatory control at all.
2. the silly little investors will get duped twice as badly as they are now, as hucksters will come up with ten new schemes that will rob
them of their money.
3. The backbone of loyal US investors are loyal to the US, and keep the markets skewed in favor of the US, even if it doesn't look like
that. This will totally
unbalance the market, and the value of the dollar will drop quite strongly.
thankyou
shnayer lewis
