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Comment for Proposed Rule 75 FR 3281

  • From: Tom Ayde
    Organization(s):

    Comment No: 305
    Date: 1/18/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00305
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Monday, January 18, 2010 9:35 AM
    secretary
    Regulation of Retail Forex
    Hello, my name is Tom and I'm a 25 year old FX trader. I am just getting started with trading and I really enjoy it
    so far. I started a FX Micro account with just $100 several months ago, and already have it over $1000. With the
    new leverage changes, I would have never been able to get off my feet. This is something that one day I may be
    able to make my livelihood, and there must be many more people like me out there. I think people like me
    exemplify the American Dream, and with your changes that dream would have never existed. It also seems that
    rule only goes after people in my situation (accounts under $25000) because it makes it very hard to make
    substantial gains. At this point, if this change passes, I already created accounts oversea and will be switching
    immediately. So I don't understand how this will help anything in our country at this point. Honestly, if this passes
    I can't see many of you having jobs for long, because your going to be slashing jobs in this country at the wrong
    time. I will be writing to my senators, congressmen, and governor to alert them of the potential job losses as well.
    Thanks for your time,
    Tom Ayde