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Comment for Proposed Rule 75 FR 3281

  • From: M J Baecke
    Organization(s):

    Comment No: 7158
    Date: 3/13/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07158
    From:
    Sent:
    To:
    Subject:
    U379801
    Saturday, March 13, 2010 3:55 AM
    secretary
    [email protected]
    'Regulation of Retail Forex' : R1N 3038-AC61.
    Regulations are necessary in every commercial field.
    But what I want to know is who are you trying to regulate ? Surely it won't be the banks, but it is the smaller
    investor who is trying to make a nest egg for himself, at high risk no doubt. But by changing the leverage to 10:1
    you are increasing the risk factor for the smaller investor. Or is this a protection of the playing field for the rich,
    sending the not so rich to the dressing room. Land of the free ! Not really.
    Sincerely M. J. Baecke (Belgium)
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