Comment Text:
i0-001
COIMMENT
CL-06922
From:
Sent:
To:
Cc:
Subject:
neville wainwright
Saturday, March 13, 2010 12:32 PM
secretary
[email protected]
proposed CFTC regulations
The Secretary. CFTC.
Dear Sir, My wife and myself, the undernamed, Hereby strongly object to the proposal by the CFTC to alter the
Margin requirements for FOREX trading.
The alterations proposed will eliminate us from this industry which currently provides us with a little extra cash
over our pension which is woefully inadequate.
Without Forex trading we will have to cut out either staple food or essential medicines or default on house rental.
Because of work related injuries I cannot do any other form of occupation other than sit in this chair.
Please consider our situation and I have no doubt there are hundreds, possibly thousands like us.
What good purpose can be served by this alteration? Is it because some traders have lost their money? Those
people should have learned how to do this successfully as we had to learn. It took us nine years. I have known
people who lost all their money in one week. Are you trying to prevent that from happening. You will never prevent
a loser from being a loser unless he wises up himself. The alteration proposed will mean the loser will lose a lot
more as I understand it. So please dont upset the cart for those of us who have persevered and rely on this
industry.
Yours sincerely,
Neville and Jocelyn Wainwright
