Comment for Proposed Rule 75 FR 3281
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From:
Lee Ford
Organization(s):
Forex Private Equity LLC
Comment No:
1035
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01035
From:
Sent:
To:
Subject:
Lee Ford
Wednesday, January 20, 2010 4:36 PM
secretary
Regulation of Retail Forex
To whom it may concern
Your announcement on January 13, 2010 that you are seeking public comment on the proposed regulations:
"leverage in retail forex customer accounts would be subject to a 10-to-1 limitation" would be, in my opinion, a
colossal error.
The reason I believe that this would be such a grave mistake is that Forex traders will leave in droves to foreign
brokers if they want to continue to trade. I believe also that domestic brokers will lose a substantial amount of
their business, thus their tax revenue. I cannot for the life of me understand why the US Government continues to
stifle domestic Forex brokers and send business to our overseas competitors with their knee jerk decisions.
I do know that I will be moving all my accounts overseas to a foreign broker if this regulation does take place.
Sincerely,
Lee Ford
FomxPE
Forex Private Equity, llc
ego professio proinde ego sum
[email protected]
801-652-3203
