Comment Text:
i0-001
COMMENT
CL-06025
From:
Sent:
To:
Subject:
Tom Lawrence
Thursday, March 4, 2010 2:27 PM
secretary
Regulation of Retail Forex
David Stawick, Secretary
Commodity Futures Trading Commission
I am writing in regards to proposed changes in regulations to retail Forex. The ideas of limiting leverage to 10:1 and minimum
margin to $10,000are extremely onerous. These changes will make it impractical for regular people who use Forex trading as
supplemental income or as a means of protecting some of assets against changes in the value of the USD itself. If the
Washington politicians can't control spending and continue to print money what outlet do we have? The USD is running high
right now because other governments such as Greece and EU are equally as irresponsible.
We worked hard for savings. We worked hard to educate ourselves on learning trading principals.
The government should not arbitrarily protect us from ourselves in this manner that favors the big guys.
Please abandon the afore mentioned elements of the retail Forex proposal.
Tom Lawrence
Vice President
1919 Girls School Rd
Indianapolis IN 46241
Phone:
(317) 334-1523 (ext 1102)
Fax:
(317) 334-1548
