Comment Text:
i0-001
COMMENT
CL-03551
From:
Sent:
To:
Subject:
Robert LaHousse
Sunday, January 24, 2010 3:37 PM
secretary
Regulation of Retail Forex
David Stawick
Secretary Commodity Futures Trading Commission
Dear Sir
I've worked my entire life to get to a point where I can trade the Forex
Market to provide a living. Just in time, it has come to my rescue. I'm 63
years old, not done paying my bills and recent orchestrated economic
policies have rendered retirement impossible.
Soc Sec, for instance, will not pay my mortgage payment. [They tax it you
know.[
I am dealing with cancer, my wife's future and the very stability of our
life together.
Free markets need to be protected. This proposal simply doesn't have an
upside ... and I cannot understand the drive behind it. Stocks, bonds,
options, commodities and the forex, among many, are all free markets we
[because of leverage] can now use to our advantage. In a world where
taxation and, arguably, mismanagement of such funds leaves no end in sight
... taking away such a hopeful path is devastating.
Please reconsider the reduction in leverage potential. 10's of thousands of
people are counting on your reconsideration.
I don't see the reason to stop building streets because occasionally someone
will be injured crossing one.
Your proposed change of leverage [CTFC] will simply bankrupt me. I and
thousands of people like me are more than capable of using the many tools
the market affords to control my risk.
With all do respect, please reconsider 'protecting' me. I don't need it and
don't desire it.
Respectfully,
Robert LaHousse
313-995-0902
Allen Park, MI 48101
