Comment Text:
i0-001
COMMENT
CL-07903
From:
Sent:
To:
Subject:
OLSALT101 @aol. com
Tuesday, March 16, 2010 1:25 PM
secretary
'Regulation of Retail Forex'
Representitive:
Allowing leverage is OK, to start making penaltys for leverage in all the markets would be unfair.
You are penalizing all traders for the failure of a few.
Most people no longer use full service brokerages for stocks,forex,commodoties etc and trade their
own money.
As Im sure your aware you can elect the amount of leverage you use in the forex market,and people are aware
of the risks in any market.
It summed up in the disclosure that you can possible lose all of your investment.
As long as the trader has agreed to this disclosure I think leverage as it is O.K.
Keep in mind the banks and investment firms were the abusers of the law and you are unjust in
penalizing all traders.Put your restrictions on those whom have already shown disregard for the law,
not those who have abided by it.
US
Citizen
SMTO
