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Comment for Proposed Rule 75 FR 3281

  • From: Ruth Trenner
    Organization(s):

    Comment No: 193
    Date: 1/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00193
    From:
    Sent:
    To:
    Subject:
    Ruth Trenner
    Saturday, January 16, 2010 2:46 PM
    secretary
    proposed new 4x ruling
    Dear Mr. Secretary;
    I am writing you today in regard to the proposed foreign exchange trading bill. First, though I'd like to provide
    you with a little of my personal background. I am a 63 year old chiropractic physician. I returned to school when
    my children were teenagers, after working part-time to provide braces, sports, and family vacations. I started a
    career with an education debt over $100,000. I have a very small IRA (less than $20,000.00) account, and the
    economy has all but collapsed. I have watched my income decrease by >60% due people loosing their
    employment, and health insurance. They have lost their ability to afford health care, thus impacting my
    income. I have been studying and trading the 4x market for the past 2 years. I use this income to supplement
    the wages I have lost and to maintain my home. If the proposed bill is passed, the impact on my situation would
    be disastrous.
    Regulation may be necessary to protect people from dubious companies, but the proposed regulations would all
    but kill the possibility for those of us who are willing to educated ourselves. I am relying on the 4x market to
    keep my home and provide some income in my upcoming retirement. I request that you review the linked
    article and reconsider your actions, http://www.forexpeacearmy.com/forex-forum/forex-articles/8342-
    if-cftc-does-say-good bye- retail-forex-usa, htm l
    Sincere Thanks,
    Ruth Trenner, DC
    2109 NW 96
    th
    St.
    Vancouver, Wa. 98665