Comment Text:
i0-001
COMMENT
CL-08904
From:
Sent:
To:
Subject:
[email protected]
Monday, March 22, 2010 5:32 PM
secretary
Regulation of Retail Forex
ID# RIN 3038-AC61
David:
I very much oppose the proposed regulations concerning Forex trading. Specifically I
vehemently oppose the following proposed regulations:
1. Limiting leverage to 10:1,
2. Requiring all Forex Industry players to register with the FTC
3. $20 million net cap requirement along with the additional volume-based minimum capital
threshold.
I would like to think that we are all sophisticated enough that we know what we game we are
playing and we know the rules. I voraciously oppose this regulation and feel it would destroy
the business and livelihoods of far more traders than it would end up "protecting."
Please spend your time eliminating the scammers instead of passing sweeping regulations
that affect everyone.
Thank you.
Best regards,
FOREX Trading Coaches
http://www. Forex-Trading-Coaches. com
[email protected]
[email protected]
* Disclaimer - FTC Services, LLC is an educational company. FTC Services, LLC is not an
advisory firm. The contents of this email are not to be construed as a recommendation to buy
or sell. Trading in the off-exchange foreign currency market is risky. Only investors who are
aware of the risks inherent in margined currency trading and accept this risk should use this
information. FTC Services, LLC accepts no liability for losses a client might incur while trading
foreign currencies.
