Comment Text:
i0-001
COMMENT
CL-00248
From:
Sent:
To:
Subject:
Jerry
Sunday, January 17, 2010 11:55 AM
secretary
Regulation of Retail Forex
I note with great interest your proposed rule changes.
However, if you implement the 10:1 leverage rule, all your good
intentions concerning the closing of the registration loopholes
will rally be for naught, since I like may of my associates in our
monthly trading group WILL be moving our accounts offshore.
The group I belong to has 50 members and on the agenda for our January
meeting is a discussion of good offshore forex dealers.
Another group I belong to has hundreds of members and we are already
discussing a list of possible offshore forex dealers we should
be looking at if this proposed rule change is put into effect.
With the majority of active traders looking at this action and moving
their accounts offshore, your action will be indirect opposition
to President Obama's stated objective of creating jobs for this country.
Sincerely,
Jerry Jacobson
