Comment Text:
i0-001
COMMENT
CL-07893
From:
Sent:
To:
Cc:
Subject:
Mr RICK REITZ
Tuesday, March 16, 2010 1:21 PM
secretary
Tim Chandler
RIN 3038-AC61
Februry 15, 2010
Subject: RIN 3038-AC61
Regulation of Retail Forex
Attn: [email protected]
To whom "it should concern",
Please help me understand the logic of this proposal. To the best of my knowledge, there
are no regulations dictating the number of lotto tickets a person is allowed to purchase
(with odds of odds of several million to 1 against you), how much a person is allowed to
wager at the casinos, or the amount of money a person is allowed to purchase/invest/risk
for term insurance (against the probability that the policy it will expire before you do).
Is this country all about big business? It seems to me that the U S Government is fixated
on restricting the rights and freedoms of the individual while acting surprised when big
business jeopardizes our whole economy (doing what the gov't encourages them to do)
with basically a hand slap and "I'm really upset" statement from Mr. Obama.
Sure there is risk involved in forex trading and 95% have yet to make money at it, that's
still better than the 99.999999999% loosing at lotto or the casinos. I am relatively new to
forex trading but I am actually beginning to make money at it (something I have never
done with lotto or at the gaming tables).
Please, give us little guys a fighting chance by voting down this proposal to restrict
leveraging of trading to 10:1.
Thank you for your time.
Sincerely,
Alan R Reitz
PS: 95 to 98% of all new businesses fail...how would you regulate the risk of that? ....still
trying to understand the logic of this proposal.
