Comment Text:
i0-001
COMMENT
CL-08335
From:
Sent:
To:
Subject:
Bill Blais
Wednesday, March 17, 2010
9:18 PM
secretary
Regulation of Retail Forex
I have been involved with futures and Forex trading for 20 years. Limiting trading leverage will send my account overseas.
Changing leverage to 10 to 1 will not prevent individuals from losing money. Good money mangement is required regardless
of leverage.
Retail forex fraud is not something that is caused by the actions of retail forex dealers; rather, it is caused by unlicensed con-
men who masquerade as forex experts promising silly and unjustifiable returns before disappearing with customer funds.
That is why the FXDC fully supports the CFTCs rule requiring all introducing brokers be licensed. That rule will solve forex
fraud, not 10 to 1 leverage.
Bill Blais
Springfield MA, 01128
[email protected]
