Comment Text:
i0-001
COMMENT
CL-08635
From:
Sent:
To:
Subject:
Gabrielle Bodnar
Friday, March 19, 2010 6:17 PM
secretary
Regulation of Retail Forex
Dear Mr. Secretary;
The proposed regulations, per RIN 3038-AC61, to limit leverage in retail forex accounts is a
misplaced attempt to limit risk. Those who are responsible already know how to limit risk with stop
loss orders and utilize such orders routinely. Additionally, by funding a forex account with only the
cash one should allot to that class of risk investment, the risk is automatically limited. All you will
do with this regulation is make trading in the United States impossibly difficult so that we will be
forced to take our accounts to other countries, thereby putting more Americans out of jobs.
Consider this: people who trade with a true gambling mentality (without stops, and without taking
profits at appropriate levels) also are the ones who probably continue to dump more money into
their accounts to cover their losses. Okay, so you say this is a problem. It sounds no different to
me than a person who goes to Las Vegas; but you are not shutting down the casinos, are you? Yet,
there is no argument that what goes on in Vegas is 100% gambling and has not one tiny bit of
investing involved in it. Perhaps you should concentrate on the true gambling problem and leave
the people who have allotted a small amount of their investment money to a diversification of their
portfolio alone and allow it to remain invested in America and American workers.
Sincerely,
Gabrielle T. Bodnar, MD
