Comment Text:
i0-001
COMMENT
CL-02658
From:
Sent:
To:
Subject:
[email protected] on behalf of
Chris
Friday, January 22, 2010 11:39 AM
secretary
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 proposal 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.i0-001
COMMENT
CL-02658
Sincerely,
Christopher McLoughlin
623 Rt 199
Red Hook, N.Y. 12571
