Comment Text:
i0-001
COMMENT
CL-07094
From:
Sent:
To:
Cc:
Subject:
Wayne
Smith
Friday, March 12, 2010 11:27 PM
secretary
[email protected]
Regulation of Retail Forex
Re: RIN 3038-AC61
The proposed limitation on leverage by US Forex
traders will certainly reduce their participation in
the markets and curtail liquidity. This seems
contrary to the purpose of the market, which is to
provide liquidity.
It is definitely going to shut me out of those markets
along with other US traders. I do not welcome my
government's action to deny me trading opportuni-
ties and cede them to foreign traders. If it is being
done "for my own good," then the government's
judgement is worse than that which it is trying to
override. If is being done to reduce a burden upon
the agency in some way, then the burden will have
been shifted to the detriment of the regulated.
How can a country which is famous for its freedom
to unnecessarily limit this degree of freedom for its
citizens in a worldwide market?
I find the proposal ill-considered and unwelcome.
