Comment Text:
i0-001
COMMENT
CL-04554
From:
Sent:
To:
Subject:
[email protected]
Saturday, January 30, 2010 4:45 AM
secretary
Regulation of Retail Forex RIN 3038-AC61
The Proposed regulations regarding retail FOREX is an assault on The American Way and the American
Entrepreneurial Spirit. What is truly great about America is even the small time investor/speculator can have
dream of a better way of life for his or her family. If I'm a halfway intelligent human being (and I'm or at least
I'm claiming to be) and I know the risk involved in the FOREX market why shouldn't I be able to participate in
this Market?
Changing the Margin Requirements from 100:1 leverage ratio to 10:1 leverage ratio serves no purpose other
than insuring that only the upper class and well to do get to participate in this market. The middle class need
not apply. My middle class risk capital may never raise to the level of the proposed margin requirements but
why shouldn't I be afforded the opportunity to participate in this Market if I'm fully aware of the risks involved?
Thank you for considering my comments.
Sincerely
Gary Conover
