Comment Text:
i0-001
COMMENT
CL-08369
From:
Sent:
To:
Cc:
Subject:
Carl Anglin
Wednesday, March 17, 2010 11 : 10 PM
secretary
[email protected]
Regulation of Retail Forex
Gentlemen:
This is regarding identification number RIN 3038-AC61, proposed legislation for lowering the leverage
percentage for retail Forex trading. I am opposed to this legislation as being counterproductive to most
individuals that take advantage of trading Forex as a means of income. It is not fair to force the
individual to make higher proportional investment than a business. Simply put, it is biased legislation
that appears intended to minimize retail investment for the benefit of institutional investment. It is
doubly biased considering that the average individual retail trader has considerably less capital to invest
that an institution. It would appear this legislation was written by and for the large institutional
investors, most likely backed by huge sums of money from lobbiests, with the intent of reducing the
retail investor pool, in an attempt to affect the trading of foreign currencies. It is estimated there are
considerably more numbers of retailers than institutions; this legislation would give institutions a totally
unfair advantage at the expense of the individual. This seems contrary to the ideals of life, liberty, and
the pursuit of happiness that are foundations of freedom...
Carl Anglin
Forex trader with FXDD
