Comment Text:
i0-001
COIMMENT
CL-06616
From:
Sent:
To:
Subject:
cross.j ack@gmail, com
Monday, March 8, 2010 8:55 PM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Monday, March 08, 2010 at 20:55:17
commenter_subj ect: Regulation of Retail Forex
commenter_comments: I believe that this proposal discourages beginners
from developing and strengflaening their trading
style. It effectively prevents investors from
evaluating flaeir own appetite for risk and making
personal investing decisions.
I believe that, with proper education, it is not
necessary for the U.S. Forex industry to be subject
to these regulations. Only recently have the
doors opened for retail investors to trade in this
market; these doors are effectively closed through
the proposed rules, once again making the FX market
accessible only to financial institutions.
The vast majority of independant traders have
adequate training to avoid large losses by the use
of carefully placed stop orders and therefore
outside regulation is not necessary.
commenter name: Jack Cross
commenter_firm: AJ Enterprises
commenter withhold address on: ON
commenter addressl 34805 North Shore Dr
commenter_city: Mount Vernon
commenter state: WA
commenter_zip: 98274
commenter fax: 3604226022
commenter~ohone: 3504226310
