Comment Text:
i0-001
COMMENT
CL-01892
From:
Sent:
To:
Subject:
DRG
Thursday, January 21, 2010 2:36 PM
secretary
RIN 3038-AC61
Please give us the freedom of choice in the good old USA. I STRONGLY oppose this margin increase on the
basis is it would ruin my livelhood. I am a small trader and make a living trading the forex markets. I trade retail fx
due to the liquid continuous nature of the markets and the scaleability without commission as opposed to the
futures exchanges for FX plus the many more pair offerings that FX has to offer. I would not move onto an
exchange but would move overseas if this rule came into effect. I would also warn about the manby lost jobs in
the industry as well as traders themselves who will be unemployed who pay taxes and cannot gain
unemployment. I feel safe in Spot FX due to the systems in place that I cannot lose more then what is in my
account and stop measures for risk I use. Please let us continue supporting our families. 100-1 is leverage we
need even after it was lowered in NOV. Please keep this leverage and continue to regulate the brokers for market
making aspects and fraud but nor margin. We are a financial hub of the world but FX hub is in London and we will
lose a ton of business to them. Let the small trader have a chance to increase their wealth thru FX.
Darren Goodman
