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Comment for Proposed Rule 75 FR 3281

  • From: Christopher Beasley
    Organization(s):

    Comment No: 7380
    Date: 3/13/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07380
    From:
    Sent:
    To:
    Subject:
    Christopher Beasley
    Saturday, March 13, 2010 6:03 PM
    secretary < secretary@ C FTC. g ov >
    Regulation of Retail Forex
    I am very much agianst the new 10:1 limitations. This would prevent me from engaging in the
    market. I see this as one more situation where the rich get richer and the poor get poorer. This is a
    democratic nation where we can choose to participate in things we choose regardless of bias. This
    new ratio will create a discrimination of people who cannot simply afford to participate without
    risking money they may need for thier everyday lives I hope this will be decided agianst. Once
    regulations are in place they are much harder to amend than if they are just prevented in the first
    place. On the contrary it is very easy to place new regulations compared to removing or amending
    them. So I hope you will atlest wait to see if this is truely nessicary
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