Comment Text:
i0-001
COMMENT
CL-00537
From:
Sent:
To:
Subject:
j [email protected]
Tuesday, January 19, 2010 12:51 PM
secretary
Regulation of Retail Forex RIN 3038-AC61
To Whom it may concern:
I wish government agencies and other regulatory bodies would stop messing the the Forex market.
You guys are starting to make it impossible to people to make a living or supplement their income.
The last action of limiting leverage to 1:100 by the NFA was regulation that should've been
sufficient, but now you want to take it all the way down to 1:10?
You will make forex brokers move outside the U.S. and the profits that would've been generated in
the states will now become income for other countries. Furthermore, U.S. citizens will start sending
their money outside the U.S. and this could cause far more problems for U.S. citizens and
government agencies dealing with corruption outside the U.S. than the smaller problems
associated with leverage at 1:100.
Jeremy Woodard
435-313-3619
