Comment Text:
i0-001
COMMENT
CL-02248
From:
Sent:
To:
Subject:
peter mcmanus
Thursday, January 21, 2010 8:45 PM
secretary
Regulation of Retail Forex
OK SO I AM JUST EMAILING TO GIVE A LOOK INTO ,MY SITUATION. I AM 23
YEARS OLD AND HAVE BEEN TRADING FOREX ON THE RETAIL SIDE FOR ABOUT
A YEAR AND A HALF. I HAVE MADE SIGNIFICANT GAINS IN THAT PAST YEAR OR
SO AND I AM HEAVILY OPPOSED TO THE NEW PROPOSED REGULATIONS ON
LEVERAGE POWER. I REALIZE LEVERAGE CAN BE JUST AS HARMFUL AS IT IS
HELPFUL, BUT FOR ME, STARTING MY ACCOUNT OUT WITH A MERE $2500.00 I
WOULD NOT HAVE BEEN ABLE TO REAP OVER A 100% PROFIT WITH THE
PROPOSED NEW RULES. PEOPLE ARE MORE THAN ADEQUATELY WARNED OF
THE DANGERS OF LEVERAGE ON EVERY FOREX SITE I HAVE BEEN TO. I AM JUST
SAYING I AM SEVERELY OPPOSED TO THESE NEW REGULATIONS, AND I ALONG
WITH ALOT OF OTHER PEOPLE WILL MOVE THEIR ACCOUNTS TO AN OFFSHORE
BROKERAGE IF THESE NEW CHANGES TAKE AFFECT. THANK YOU FOR YOUR
TIME. - PETER MCMANUS
