Comment Text:
i0-001
COMMENT
CL-00240
From:
Sent:
To:
Subject:
Becky Self
Sunday, January 17, 2010 10:26 AM
secretary
Regulation of Retail Forex RIN 3038-AC61
To Whom It May Concern:
I am against your proposed Regulation of Retail Forex RIN 3038-AC61 to restrict leveral across the
board to 10:1. I urge you to reconsider your position on the matter. This move does nothing but aid in
the rich getting richer and excluding the little people, such as myself, from ever having the opportunity
to prosper within this industry. I have been studying and practicing trading using a micro-mini account
as my sandbox. Once I felt I was experienced enough with my trading abilities it is my plan to open a
mini account and through trading I would build my account equity and ultimately earn a nice income
from trading. The passage of this regulation would place a financial hardship on me an prevent me from
ever having the opportunity to prosper within this industry.
Furthermore, I don't understand why we would want to pass such a change at this point during our
economic crisis. Again passage of this move will only serve to make those who do have money open an
off shore account and transfer their funds overseas where they can perform trading without the
restrictions imposed by the United States. I would think our government would want to make changes
that would encourage the flow of capital to either remain in our country, as well as, attact the flow of
captial into our country.
If someone is going to be irresponsible in trading, that same person is irresponsible in othe areas of their
life as well. We cannot regulate responsibility in a human being. All you would be doing, besides
depriving the little people an opportunity to earn an income through leverage, is preventing the
irresponsible little guy from trading but it won't stop the irresponsible trader who does have money.
They will simply lose more money!
Lastly I would like to share with you that I am a real estate broker licensed in the State of California. I
owned and operated a real estate business from 1986 until 2007. At one time I employed 5 people.
Unfortunately failing health has prevented me from working and I have filed for disability. It is not my
desire to live off of disability for the rest of my life. Trading the forex offered me the opportunity to be
able to work from home using my computer as well as seek the income level that I once enjoyed from
running my real estate firm. I have been working very hard to learn how to trade as a professional
trader. Please do not take this opportunity away from me!
If there is something I am not understanding about this proposed regualtion then please correct me!
Thank you very much for taking the time to read my letter.
Becky Self
325-784-6093
3100 Schooner Drive
May, Texas 76857-1898
