Comment for Proposed Rule 75 FR 3281
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From:
Paul Hart
Organization(s):
Comment No:
798
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00798
From:
Sent:
To:
Subject:
Paul Hart
Tuesday, January 19, 2010 7:04 PM
secretary
Regulation of Retail Forex
I am neither a rich investor nor poor person. I have invested in the currency market for a long time and I am
AGAINST any proposed changes reducing the leverage to 10:1. This Market self regulates itself brilliantly in that
it is risky. If you invested $5000 and lost it all your money you probably won't be back which is good. Others start
with the much safer "micro" accounts and make fractional trades. This method enables a person to safely trade
with low risk of losing a lot of money. It's kind of common sense.., but a reduction in opportunity for Gain means a
reduction in participation...it drives potential investors elsewhere. I'm in China, I hold an MBA and I teach
Economics at a University here, we (America) are losing our competitive advantage as are others to a mercantilist
economy "China". Instead of simply looking at risk aversion, we need to look at opportunity to rebuild the capital
markets. The currency market works, let's not try to fix something that isn't broken
Regards
Paul Hart
