Comment Text:
i0-001
COMMENT
CL-08756
From:
Sent:
To:
Subject:
Peter von Laudermann
Sunday, March 21, 2010 1:10 PM
secretary
Regulation of Retail Forex
Dear Mr. Stawick,
I am writing to you in regards of the proposed reduction of
leverage from 100:1 to 10:1 as put forth in article number RIN 3038-
AC61. I feel that this proposed lower leverage would more likely
affect individual retail traders such as myself, rather than larger
trading firms with millions of dollars to invest. This may hamper
my, along with other traders with small accounts, ability to take
advantage of all the great profitable opportunities that the Forex
market has to offer. These changes may cause many traders to move
their accounts offshore, which will result in the U.S. losing trading
revenue. I know that I will be considering that option.
I don't believe that placing more regulations and restrictions
on the Retail Forex market will solve any problems. If anything,
these changes may do more harm than good for this country. We are in
this financial mess because of corporate greed and the skewed,
corrupt political agendas of our nation's leaders, not because of
traders who are trying to make an honest income, or supplemental
income, through trading. Thank you for your time.
Sincerely,
Peter von Laudermann
