Comment Text:
i0-001
COMMENT
CL-08021
From:
Sent:
To:
Subject:
Barnaby Beech
Tuesday, March 16, 2010 5:50 PM
secretary
Regulation of Retail Forex
This email is in regard to R1N 3038-AC61, the regulation which proposes to limit the amount of
leverage available to the retail forex trader in America. The reduction in margin negates a major
element that makes forex attractive for the smaller investor- the leverage which allows him/her to
compete at a larger level than he/she is able to access in capital directly. It is this possibility alone which
enables a smaller forex trader, like myself, to attempt gains that are completely unavailable in any other
market. To reduce this opportunity smacks of a level of regulation that, on first glance appears
patronizing and on second appears almost intent on marginalizing the very principles of
entrepreneurship which have allowed this country to succeed. Stultifying the opportunity to participate
in the risks and rewards of the retail forex exchange market will only result in a reduction of
opportunity for those who are striving to achieve what so many Americans have sought to do in the past.
Trading is not a simple or easy endeavor. Allow market conditions, not the Federal Government, to
weed out the unwary and incompetent. Rule making of this sort seems to indicate a trend toward
obliterating the very possibilities and principles which help America to be a place of opportunity.
