Comment Text:
i0-001
COMMENT
CL-00678
From:
Sent:
To:
Cc:
Subject:
Nick Serikov
Tuesday, January 19, 2010 3:34 PM
secretary
francesc@fxstreet, com
Lately proposed rules for retail foreign exchange trading
Dear Sirs,
Lately proposed rules for retail foreign exchange trading cannot protect consumers, as it was written there.
Protection of consumers cannot be done excluding them from the markets. Protection of consumers can be done
by implementing strict continious monitoring of brokers functioning or working or effecting trades with their clients.
Following your thought about []consumer protection [, we may await that certain groups of citizens will be taken
out of cities to other places to protect them from high prices or low salaries.
It is not democracy, it is fashism.
Consumers are adequate persons and are capable to protect them themselves while trading and undertaking
decisions, but they can do nothing against sheer fraud when brokers close positions at prices which were absent
in the market. Just here is the field of customers protection and not in raising the leverage.
Sincerely,
Nikolaj s Serikovs
e-mail: [email protected]
web: www.fxtechtrade.com
Mob.: +371 29 824 388
Riga,
Republic of Latvia
