Comment Text:
i0-001
COMMENT
CL-08356
From:
Sent:
To:
Cc:
Subject:
[email protected]
Wednesday, March 17, 2010 10:05 PM
secretary
[email protected]
Regulation of Retail Forex
I wish to express my opposition to the proposed changes to be brought about by
RIN
3038-AC61. This sounds extremely unfair to the average Forex trader and one that
would drive most from the market. I strongly suspect that it is another effort by our
government's far reaching tentacles to control another segment of the American life. It
equates to being an attempt, however subtle, to silence "Talk Radio"! I do not know of
any instance where a Forex trader has brought down a major banking concern nor
have they caused a destabilization of the financial markets. The big banks, insurance
companies, real estate businesses, et al, are the real market movers and not the
average trader. Change in the leverage requirements will drive out the individual
traders. Seems like big business and big government are at it again.
Sincerely,
Donald M. Wyrick
