Comment Text:
i0-001
COMMENT
CL-03280
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[email protected]
Saturday, January 23, 2010 1:59 PM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first_name Gary
last name Richards
address1 2897 Mapleleaf Ct. NW
city Salem
country United States
us state OR
zip 97304
company
I respectfully request that the proposed rule not be passed. I am a real estate broker and
financial consultant in my late sixties. During the past year both of my regular sources of
income have dried up to virtually nothing. To supplement my Social Security income I have
been trading a retail foreign exchange account. I use a disciplined risk management
approach, and have been able to provide significant additional income to my family with little
risk. The proposed rule, if passed, will reduce my supplemental income by 90%, and will put
our family into the poverty income class. Instead of providing protection against loss, it would
guarantee a huge reduction in income in my case. Thank you for your consideration.
