Comment Text:
i0-001
COMMENT
CL-04296
From:
Sent:
To:
Subject:
Paul Theroux < [email protected]>
Wednesday, January 27, 2010 8:46 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Off-Exchange Retail Foreign
and Intermediaries
Exchange Transactions
Hello "Commodity Futures Trading Commission" (CFTC)
I am a US citizen with a family who trades Forex successfully for a living for the past 12 months.
Your proposal to soon change Margin from 100:1 to 10:1 would require all of us to have 10 TIMES as much
money in our accounts to make the same money we are making now! This would cause an extreme HARDSHIP
on all of us and is NOT necessary in any way. IF I WAS A CAR DEALER WITH 100 CARS ON MY LOT TO
SELL AND YOU PASSED A RULE THAT I COULD ONLY HAVE 10 CARS, I WOULD GO OUT OF
BUSINESS. You will be receiving many more emails on this from all of us who are trading for a living.
Please DO NOT pass or enact this change, email confirm that you rec'd this & put me on your emailing list.
Thank you... Paul E Theroux [email protected] 508-429-5260
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