Comment Text:
i0-001
COMMENT
CL-02441
From:
Sent:
To:
Cc:
Subject:
[email protected] on behalf of
Chris
Friday, January 22, 2010 3:36 AM
secretary
Rob Booker ; [email protected];
[email protected]; [email protected]; [email protected]
RIN 3038-AC61
Dear Sir,
I strongly urge you not to impose the proposed 10:1 leverage plan on retail Forex Traders.
It would become a hardship for most traders I know. The majority of us earn a modest income from trading,
not millions of dollars. For those traders that are simply trying to supplement their incomes, while holding
other jobs, it would probably make trading impossible.
Another consideration are the brokers and market makers who cater to the retail clientele.
Most of them are small to medium size concerns that would probably have to close their doors.
Laying off many employees in the process.
This country was founded by people seeking freedom.
And that ideal has blossomed. For hundreds of years people have been coming to this country
to escape religious oppression, political oppression, ethnic oppression, and for a better life.
I fear the implementation of this propsal might be opening the door to an era of financial oppression
on the common citizens of our great Country.
I am sure the likes of Goldman Sachs, or J. P. Morgan Chase won't even blink if this proposal is put in place.
I urge you to ensure that our Country remain what it has always been, a sanctuary of Freedom.
Sincerely,
Christopher McLoughlin
623 Rt 199 Red Hook N.Y. 12571
