Comment Text:
i0-001
COMMENT
CL-04210
From:
Sent:
To:
Subject:
Ed DeBolt
Wednesday, January 27, 2010 2:37 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Hello
I just want to say I really think this legislation is misguided. I would like to keep my trading
account in the US as a US citizen and voter in Nevada but these new regulations would force
me to use a brokerage in another country.
I can understand lowering leverage a little but below 50 to 1 would force me to go elsewhere.
It really doesn't make any sense except to force business away to Hong Kong, Cypress,
Switzerland, Caymans etc.
VVhy destroy the tax base even further? Thanks for chasing away another good industry
which will move to a more favorable jurisdiction.
Ed DeBolt Jr
5650 Foret Circle
Reno, NV 89511
[email protected]
