Comment for Proposed Rule 75 FR 3281
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From:
Bal Udoy
Organization(s):
Comment No:
880
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00880
From:
Sent:
To:
Subject:
Bal
Tuesday, January 19, 2010 11:42 PM
secretary
Regulation of Retail Forex
Dear Secretary:
RIN 3038-AC61
I am not opposed to regulation nor regulatory agencies. But that regulation needs to be fair,
transparent, and open to public input.
Otherwise it becomes corrupt and self-serving Sure high
leverage can get you into trouble if used thoughtlessly. Sure hedging when not done properly turns one
loss into two. But I believe the cure is EDUCATION, not restricting what people can and cannot do
with their investment decisions. Guide, don't dominate - government was invented to protect people and
their property, not to limit their potential
Sincerely,
Bal Udoy
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