Comment Text:
i0-001
COMMENT
CL-00317
From:
Sent:
To:
Subject:
robert clement
Monday, January 18, 2010 12:12 PM
secretary
Regulation of Retail Forex
I have been trading the forex market for about four years. I have studied many trading methods under various
mentors and have been self taught through what has been offered through the internet and in various trading
groups. I am finally more confident and consistent in my trading, but it has been a very long journey of training
and experience.
I am a very small investor. I trained myself to be a trader because I saw potential in making an income with very
little investment. It was my way of building my own business when I didn't have a lot of money to start one.
When you changed the leverage from 400:1 to 100:1, it was a huge change for a small investor who is just
starting with a mini account. I changed my account to the UK when that change went through because I had a
small account. The new proposal to make a change to 10:1 (RIN 3038-AC61) would be disastrous. The forex
brokers in the US would be forced out of business.
My daughter has a high education and has been out of a job for several months. Many of my friends, also well
educated, are looking for jobs.
Why, at a time of 10% unemployment and poor economy, would you make a ruling that would further force
business overseas? Please tell me how that makes any sense?
Starlett Clement
937-492-7586
[email protected]
