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Comment for Proposed Rule 75 FR 3281

  • From: Yossi Friedman
    Organization(s):

    Comment No: 1461
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01461
    From:
    Sent:
    To:
    Subject:
    Yossi Friedman
    Thursday, January 21, 2010 1:24 AM
    secretary
    Regulation of Retail Forex - an educated essay.
    Dear secretary,
    As someone in your position surely knows, jobs are rare especially well paying ones.
    Currently there are tens of thousands that do not have capital resources that rely on retail forex trading
    with leverage as their only means of income and family support.
    Regulating leverage down would turn my income from EX. $2000 to $200. please do not do this!
    Please also calculate into your considerations the tremendous loss to the us government, calculate the
    loss of gains tax that would be decreasing!
    RIN 3038-AC61
    Our fate is in your hands, please choose not to regulate leverage.
    An extremely concerned forex trader.