Comment Text:
i0-001
COMMENT
CL-08763
From:
Sent:
To:
Subject:
[email protected]
Sunday, March 21, 2010 2:48 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Mr. Stawick, proposing leverage regulations on the retail forex industry is one of those situations where "good intentions paved the
road to hell." From your viewpoint, reducing leverage will protect the US client from financial harm. That's cool, but if you look at the
forest and not just the trees, you would see that this regulations will drive many brokers and traders alike out of business. This
regulation will send an abundance of jobs and money out of this country. If you cant already tell this country's economic situation isn"~
getting better and to do this would make it even worse. You are not protecting traders with this regulation, because the investors and
traders who practice sound money management don"~ need a law to do so. If this is really about investors and traders, then you would
do us a favor and not touch our leverage? As stated before it is the individual investor/traders decision on how much risk to take on
any given trade, not anyone else's.
Thankyou,
Lou
