Comment Text:
i0-001
COMMENT
CL-O0101
From:
Sent:
To:
Subject:
eitcorp
Friday, January 15, 2010 3:58 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
This is ridiculous. You think the retail trader is unduly influencing the forex
market!? If you wish to prevent speculation, stick to the institutional traders.
If the concern is protecting the retail trader, it only takes about a day for the
new trader to learn the concept of leverage.
I have spent two of the most difficult years of my life learning to trade Forex
after the jobs in my chosen profession of 25 years dried up. This proposed change
would close the door on this opportunity for me. I suspect the people proposing
this rule have good intentions but the unintended consequences will not achieve the
desired effect.
I have past the apex of productive years in my life and do not have the energy or
resources to start from scratch again. If the CFTC acts to take this opportunity
away from me, I am content to devote the remainder of my life using every legal
means necessary to block any member of CFTC from making a living. I suspect there
are many more who feel the same as I do. so, if you want to spend the rest of your
life dealing with an organized group of motivated people committed to your removal
and subsequent blocking of any future employment opportunities, enact this proposed
change. In case I[]m not making my point clear enough, just picture how a convicted
child molester is hounded by the public for his past actions; this is the same
level of zeal we will have for you.
I urge you to leave us alone, we are not asking for this change; and it will only
cause harm and not protect.
