Comment Text:
i0-001
COMMENT
CL-00363
From:
Sent:
To:
Subject:
Daphne Harris
Monday, January 18, 2010 5:45 PM
secretary
Regulation of Retail forex
To whom it may concern:
I just read of the proposed new regulation to make forex leverage 10:1. Please do not do this! I have spent 2
years learning how to trade forex so I could support myself and be a tax-paying, contributing member of society
but I don't have the capital to put up to trade with that level of leverage.
I will have to take my money to another country besides the US and I don't want to do that. I'm a loyal American
but I have put too much time and effort into learning this to give up now.
Although entitled to it, I never took unemployment payments because when I lost my business, I wanted to stand
up for myself and earn an honest living.
You will hurt me and thousands like me. You will destroy jobs for thousands who work for US brokerages because
they won't have any customers and will have to fold. Americans are intelligent! We can control our losses and
gains in Forex without the need for this type of excessive regulation.
I read about this issue here : http://www.forexpeacearmy.com/forex-forum/forex-articles/8342-if-cftc-does-say-
goodbye-retail-forex-usa.html
Thank you for reading this and please do the right thing for all Forex traders in the US
Daphne Harris
[email protected]
