Comment Text:
i0-001
COMMENT
CL-03081
From:
Sent:
To:
Subject:
David Mullins
Saturday, January 23, 2010 12:04 AM
secretary
RIN 3038-AC61
Dear Mr. Secretary,
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. 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 businesses 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 urge you to ensure that our Country remain what it has always been,
a sanctuary of Freedom.
Sincerely,
David Mullins
407 Giotto
Irvine, CA 92614
