Comment Text:
i0-001
COMMENT
CL-03639
From:
Sent:
To:
Subject:
richard mullin
Sunday, January 24, 2010 10:25 PM
secretary
Regulation of Retail Forex
I have spent the last six months or so learning the baisics of Forex trading in anticipation of honeing
my skills over time, so that I might be able to generate a small supplemental cash flow in my retirement
years. I have no illusions of great wealth and I am sensible and realistic in my goals. However I can
now see a point in the near future when due to buearucratic interference by uniformed pencil pushers in
a heavy handed attempt to shatter another American dream for tens of thousands of small time retail
traders, I may have difficulty making enough money to justify the effort no matter how high a skill level
I achieve. IfI am able to gain enough confidence in my abilities and decide to actually risk some money
on this enterprise, I will be looking into an obtaining an offshore account, even if it requires obtaining an
offshore address in order to make it happen. After all, these new regulations on hedging and leveraging
ratios, and any further regulation enacted by the NFA and the CFTC will only apply to the American
retail trader will they not?
Richard M Mullin
