Comment Text:
i0-001
COMMENT
CL-04241
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[email protected]
Wednesday, January 27, 2010 9:59 AM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first name James
last name Coleman
address1 74 Watson Drive
city Mount Laurel
country United States
us state NJ
zip 08054
company
Hello,
I am writing with regards to the proposed CFTC/NFA changes to ForEx leveraging. I am a
retail investor and have been since the economic downturn in the economy. I've have been
unemployed for 20 months and am a highly trained software engineer. Fortunately I had some
understanding of the ForEx market and have after a year's learning period begun to support
myself and my family in via profits from ForEx investing. I pay taxes from this profit, and hope
to some day do larger things.
However, the proposed regulation, limiting the FX leveraging would effectively ruin me. I
would be out of business in short order. I have found the brookers in this industry to be
reliable and very forthcomming with industry pratices and information on how to be
successful.
I urgently request that you reconsider with all due diligence and go no further with any
regulations in the forex market.
...James Coleman
