Comment Text:
i0-001
COMMENT
CL-08284
From:
Sent:
To:
Subject:
michael meo
Wednesday, March 17, 2010 7:05 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
Dear Mr. Stawick:
I think it is extremely important to leave the current Forex Regulations in place, regarding the
retail trader.
In these times of economic challenges, the retail trader should not be punished for the travesties
that have transpired the past several years.
As a retail trader, I have spent in excess of 20 years learning how to trade both the equities and
forex markets. I trade in effort to supplement my income, as I learned from the "Tech-Wreck" in
2000, that buy and hold is a thing of the past and those people who did not take control of their
own investments since that time, have paid a significant price once again.
Traders are a competitive bunch! We are forward looking, proactive people, relying on our own
skills and talent to provide for our families.
More Americans should be more independent and not rely on Wall Street recommendations for
their investment decisions(i.e.-Bernie Madoff)!!!!
Wall Street created this mess, CDO's, MBS's, CDS's, my God where was the SEC, Fed, Ratings
Agencies. Need I say more???
Do the right thing, Sir! Leave the FX regs as they are!! Allow us to continue our journey and go
after those, that you know are responsible for this disaster we have been facing the past three
yea rs!
I am confident you will do the right thing! Please don't disappoint me, as so many other elected
officials have!
Regards,
MM
