Comment Text:
i0-001
COMMENT
CL-03602
From:
Sent:
To:
Subject:
David Newton
Sunday, January 24, 2010 7:09 PM
secretary
Regulation of Retail Forex - ID #R1N 3038-AC61
To whom it may concern,
I would like to express my frustration and concern over your new proposed regulation to change the maximum
leverage for retail forex traders to 10:1. You have already stopped buying and selling simultaneously and other
changes that are forcing many to consider, if not actually, open an account offshore, where there is less
regulation and such strict rules that will pretty much dry up smaller forex traders from making any kind of money
here in the U.S. and forcing them for alternatives. Only the big guys or the rich, again, are given the advantages.
This is totally unfair and NOT RIGHT to do!! Please re-consider your proposals that we smaller retail customers
do not need as much as you think. Give us a break and a chance to make a living with job losses and all that is
going on here in the U.S. Keep our business here in the U.S., not overseas. Who do you really want to benefit?
Think about it and make a wise decision not to further "push" to little guy around, until he really does something
desperate. Thank you for your consideration of my comments.
In His Service,
Dave Newton
D.E.N. Ventures, Inc.
(719) 590-9954 (telephone)
(719) 528-1717 (fax)
(719) 331-0171 (cell)
