Comment Text:
i0-001
COMMENT
CL-00736
From:
Sent:
To:
Subject:
Jodi Kubacki
Tuesday, January 19, 2010 5:08 PM
secretary
Regulation of Retail Forex
Regulation
of
Retail Forex:
I have recently read an article that indicates that new regulations
regarding a maximum trade leverage to 10:1. I understand the
reasoning, but this would cause setbacks to many forex traders.
Trading the forex is a business for many. Just fike aft businesses, it
must have some form of risk management to be successful. I befieve
that is a responsibifity of the individual or entity. This would make it
nearly impossible to forex trading successful This wifl in turn hinder
the entire forex community as weft as the country. The government
receives a cut of our successes without having to rift a finger. It's easy
money for them. We wifl not be able to continue to do this is the 10:1
regulation is passed. I urge you not to impose this regulation as the
FIFO rule and anti-hedging rule has already caused a major negative
effect. Once again, I understand the purpose, but people need to be
responsible for themselves and make their own decisions. We cannot
keep enabfing the people of this country. This 10:1 regulation is one
more thing that wifl cause this country not to grow and prosper. I feel
very strongly about this. I urge you to consider not putting these
regulations in affect. This country is a Democracy and I am putting my
vote on the table and pray that you leave the system alone. Their have
already been enough changes made to devastate retail forex, please do
not add to the problems. Thank you for your time and consideration.
Sincerely,
Jodi Kubacki
[email protected]
"In God We Trust"
