Comment Text:
i0-001
COMMENT
CL-07980
From:
Sent:
To:
Subject:
Trevor Mills
Tuesday, March 16, 2010 4:10 PM
secretary
Regulation of Retail Forex
To whom it may concern,
I disagree with many of the proposed changes the CTFC is recommending. I am happy with the current leverage
ratios, I understand this means higher risk and I wish to make my own choice in the matter. If I lose all my money
that's up to me. I don't need mommy to tell me what I can and cant do. Im a big boy now. One of the attractions of
forex over stocks is the leverage. If the board decides to change this I will have to take my money out of the
country and risk affiliating with an international business. I was very upset when hedging was removed as well
and the enforcement of FIFO. I almost took my money out then. If these changes come to fruition to limit my
functionality in the forex market, you can guarantee I will take my money out and seek better opportunities
elsewhere. So if that's the underlying intent. It should work well. And I like the idea of introducing brokers and not
having regulation that certain companies can only introduce one broker. The only thing a regulation board should
do in my opinion is to be a legal entity to enforce honesty in the business. In other words help us with the
scammers. And make sure the accused and proven guilty parties get what they deserve. But do not make me
suffer for I have done nothing wrong.
Thank you
Trevor Mills
