Comment Text:
i0-001
COMMENT
CL-07577
From:
Sent:
To:
Subject:
print 002
Monday, March 15, 2010 3:48 AM
secretary
Regulation of Retail Forex
Hi.
When the leverage is changed to 10:1, many Americans and those people in the world using America
Brokerages will be forced to quit forex-trading, since they can't afford with more capital. There are many
average-incomed people who trade with minimal winnings, responsibility and knowledge.
Consequences are:
1. Fewer participants.
2 Job losses due to closure of banks and brokerage firms etc.
3. The rich-poor income gap widens, which may lead to social problems etc. (since only the big-
capitalised rich people trade forex, whereas the average-incomed people is forced out)
A huge market of many participants(strong
liquidity)is
(OF COURSE) better than a small market of fewer participants.
Yours Sincerely
Minister Tan
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