Comment Text:
i0-001
COMMENT
CL-00561
From:
Sent:
To:
Subject:
[email protected]
Tuesday, January 19, 2010 1:04 PM
secretary
REgulation of etail FOREX
This message is to express my opposition to RIN 3038-AC61 and its adverse impact
on FOREX trading. It is an unwarranted intrusion by government to take control of yet
another segment of the economy by removing a very necessary tool, leveraging, from
the independent FOREX trader. I have been a FOREX Trader for approximately six
years and need the amount of leverage required. Reduction would force me from
being a trader as the rewards would be so diminished as opposed to the risk taken
that it would no longer be worth while. Of course, I recognize that may be the inherent
intent of the proposal as it forces ordinary people from the program and leaves the
spoils to the big traders, banks, and insurance companies -- a segment of our
national economy that the federal government has already made deep in-roads to and
now virtually control.
Donald M. Wyrick
[email protected]
