Comment Text:
i0-001
COMMENT
CL-04547
From:
Sent:
To:
Subject:
Thelma Saulsberry
Saturday, January 30, 2010 2:08 AM
secretary
Regulation of Retail Forex
Dear Mr. Stawick,
I am a relatively new trader in the Forex market. I am learning and profiting. I am also a
home maker and home school teacher of 18 years. I am 50 years old and I have a college
degree. My husband, a brilliant marketing executive, is currently unemployed. His
unemployment is a cycle that has occurred every two years for the past 6 years. Every time
we get ahead, circumstances, whether it's health bills, college tuition or unemployment knock
the financially fit rug out from under us. So I decided to take up investments, especially
Forex, as a means to propel us out of debt, makes ends meet, and build for retirement. We
have had to dig into my husband's 401K to pay for the taxes on our home every year for 5
years. I know this may sound like a "tugging on the heart strings" kind of story, but it is all
verifiable. My oldest son is no longer in college because we can't pay the tuition and my
husband makes to much for my son to receive any substantial financial aid. He decided to
leave school instead of reap the incredible debt that was looming over his head before he
could even graduate.
My question to you is, how could you even think of changing the leverage requirements in
the retail Forex market? How much more do those with too much need? You are trying to
take what little hope I have of building wealth for my family and possibly changing my family
tree. My husband has worked for telecommunication companies and energy companies
where the profits were in the billions ( you know who they are), he was responsible for over
50 million dollars in accounts one year and he didn't even get a commission. Then he was
laid off by that company which received bail out money. I am constantly shocked and
saddened by people who sit around and look for ways to make the middle class miserable.
This must stop. I am asking you to leave the leverage as is and give me a chance to make a
difference in my family's future. If you lower the leverage, I will no longer be able to afford to
trade. Is that your goal? Please, reconsider. I am thankful, GFT, my Forex broker, made me
aware of this recent development.
Sincerely,
Thelma Saulsberry
RIN
3038-AC61
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