Comment Text:
i0-001
COMMENT
CL-06486
From:
Sent:
To:
Subject:
Brian Moore
Sunday, March 7, 2010 3:31 PM
secretary
Regulation of Retail Forex
Re: RIN 3038-AC61
Dear Secretary Stawick,
I wanted to take the time during the public comment period to send you my thoughts on the proposed regulation for
Retail FOREX Transactions. I fear the regulation contains conent that may accomplish more harm than good -
particularly with respect to the following limitation:
"Leverage in retail forex customer accounts would be subject to a 1 O-to-1 limitation."
Unfortunately, I fear that this will impact the retail customer in one of two undesireable and perhaps unattended
ways. For some, this will simply mean moving accounts overseas to avoid the regulation which will damage the
business of domestic brokers. For others, it will simply eliminate opportunity which the forex market offers. Any
customers that may be irresponsible and need protection such as this regulation, will not likely realize any benefit as
it will not instill responsibility.
I hope the commission considers these and other comments to ensure any regulation accomplishes just goals for a
free market without such negative consequences.
Thank you for this consideration.
Sincerely,
Brian J. Moore
West Fargo, ND
