Comment Text:
i0-001
COMMENT
CL-01483
From:
Sent:
To:
Subject:
james maher
Thursday, January 21, 2010 2:01 AM
secretary
Regulation of retail forex
Dear Sirs,
I am very up set with the regulations that have been imposed upon retail forex traders during the past
year through NFA rules. It is down right criminal to impose these unreasonable guidelines and at the
same time let the banking industry continue with their fraud unchecked. In fact, these rules you impose
are very much in the banks favor. You are coddling criminals and denying the rights of traders like
myself to earn a living during these tough times. You take food from my table in order to insure that the
bankers will continue to get their bonuses.
The result of your dismantling the US retail forex industry will be seen in the loss ofj obs and revenue
that our country needs. You serve not our society as a whole but serve an elite society who's goal is
monopolize all wealth.
How can you possibly follow through with these plans? This is just another example of the insanity that
has taken hold of those who are in places of leadership in our country. You do the opposite of what
reason would dictate. The people said no to TARP and they say no to Quantitative Easing, and we are
saying no to such as these measures which you are administering now. 10:1 leverage only insures that
the small trader can not trade using the same methods that the banks employ. This is clearly a move in
favor of the banks!
Sirs, you are criminals if you continue on this path. If you have any conscience at all, any love of liberty,
any respect for the generations of Americans that sacrificed to make possible the life style you have
enjoyed up to this point, stop and do the right thing!
Do what is right!
James Maher
