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Comment for Proposed Rule 75 FR 3281

  • From: Eddy Hoffmeier
    Organization(s):

    Comment No: 8059
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08059
    From:
    Sent:
    To:
    Subject:
    Eddy H
    Tuesday, March 16, 2010 9:18 PM
    secretary
    Regulation of Retail Forex
    Regulation of Retail Forex
    RIN 3038-AC61
    Regulators of Retail Forex should have an understanding of REAL LEVERAGE as opposed to TECHNICAL
    LEVERAGE, this is basic math.
    When CTFC regulators do not understand the principles of Leverage in the Forex market place they should leave
    regulations for those that do understand this basic math.
    It's a sad day when math illiterate CTFC regulators have their dictatorial approach to the retail forex market place.
    Strangling the rights of the forex trader for what ever sinister purpose that appears to be underlying such
    regulations is unacceptable and surely a regulating body is not so math illiterate?
    Regards,
    Eddy H