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Comment for Proposed Rule 75 FR 3281

  • From: Debra Y Guiffre
    Organization(s):

    Comment No: 1869
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01869
    From:
    Sent:
    To:
    Subject:
    Debra Guiffre, M.D.
    Thursday, January 21, 2010 1:57 PM
    secretary
    Regulation of Retail Forex
    To whom it may concern,
    I would like to express my concern regarding the proposed change which would reduce the leverage that
    retail FOREX traders will be able to use in the United States with regulated FOREX brokers. For the
    past 12 years I have been a conservative and careful investor/trader of stocks, commodities, and
    FOREX. The power of "the leverage" is a vital element of trading the FOREX. Reducing this leverage
    will effectively eliminate FOREX from my trading portfolio. I have spent a lot of time over the past 5
    years learning currencies. There must be a more effective way to accomplish your goals than to
    "punish" those of us who are responsible and capable traders.
    Please reconsider your decision as the impact on millions of individual traders will be significant. Six
    years ago a leg injury resulted in my early retirement (at age 52) from my 25 year career in Emergency
    Medicine. My experience in trading offered me a way to supplement my income and grow my pension
    to compensate for the loss of my physician income. Without this "stay at home" option, my future
    would be in significant jeopardy.
    Thank you for your time.
    Regards,
    D. Y. Guiffre, M.D.
    5610 Lake Vista Dr.
    Bonsall, CA 92003
    760-758-6295