Comment Text:
i0-001
COMMENT
CL-02322
From:
Sent:
To:
Subject:
Mike Boofer
Thursday, January 21, 2010 10:17 PM
secretary < secretary@ C FTC. g ov >
Proposed Forex changes
To Whom it may concern,
Iam a Forextrader. I have been trading fora few years now, and although I lost money at first,
I've now been able to find a way to use forex to supplement my income. Any changes to the
leverage system would prevent me from being able to trade in any significant way. I knowa few
others that would be in the same situation. When Iwas unemployed, my trading was the only way
I could help provide for my family. If we had been denied the chance to make a little money in
forexwe'd have needed to file for bankruptcy. Instead we made it through, I'm employed again,
and we have gotten a loan to buy our home.
Please reconsider any changes to leverage as it would not accomplish any prevention of loss of
funds. I know, I was one who lost in the forex market at one time. I continued to learn and now I
can make money- I'd love to continue to do so. However, my account size would prevent me from
even trading- let alone providing income.
Regards,
Michael Boofer
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