Comment Text:
i0-001
COMMENT
CL-02907
From:
Sent:
To:
Subject:
[email protected]
Friday, January 22, 2010 5:52 PM
secretary
"Regulation of Retail Forex
Sirs It has come to my attention via an article http://www.forexpeacearmy.com/forex-forum/forex-articles/8342-if-
cftc-does-say-goodbye-retail-forex-usa.html
that their are certain new regulations being considered for the Forex
industry. Release: 5772-10 For Release: January 13, 2010
Some parts are fine but only the parts that protect US retail investors. This bill will have the effect of
driving out of business many good medium and small brokers. Also changing the leverage to a 10 to 1
limit will put most small investors out of business or move their money out of the country. It is clear to
me the persons who put this proposal together do not have a clue about trading. I can only imagine how
many US jobs will be lost this. At a time when it very hard to find a job, trading is one of those businesses
that one can start up with without alot of capital. I for one cannot get a "regular" job and this line of work
allows me to have my own business. Please do not take it away from me with ill thought out restrictions.
We may need protection from some bad brokers but we do not need you to protect us from ourselves.
Thank you your time
Ernie Vroom
1419
Pine Bay
Dr.
Sarasota FI. 34231
