Comment Text:
i0-001
COMMENT
CL-00122
From:
Sent:
To:
Subject:
Daniel Ligman
Friday, January 15, 2010 8:04 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
Hello,
I am writing in to inform you of the dangers and negative consequences the proposed
CFTC regulations will have on the United States economy and quite possibly the entire world
economic state. My particular concern is the 10:1 restriction on leverage. Such a restriction would
harm U.S. brokers and send the flow of U.S. dollars overseas. This would seriously hinder
economic growth asa result of job losses at the brokers. I realize that it is the intent of the U.S.
government to protect its citizens and I respect such intentions. However, forex traders are clearly
informed of the risks involved in forex trading and it is the sovereign right of the citizens of the
United States to seeka better life, liberty, and the pursuit of happiness. Such regulations are in
violation of the spirit of free capitalism and competition. Iam sure that you yourself have dreams
for a better future but such rulings would only crush the dreams of so many people who have hope
fora better future. While it is true that not everyone will be successful, such hope isa necessity in
these harsh times. Please don't punish the American people for the banking systems mortgaging
mistakes.
I protest these proposed regulations and sincerely hope that sanity is restored to the minds of
those who would propose such harmful regulations. In life, all that really matters is the choices we
make and it is essential that we make the right choices in life especially when our actions result in
the benefit of the populace. Those who are heroes are forever remembered and praised. Please
be my hero. Even if you should disregard this message, ask yourself this question- What if it was
true that what we did in life echoed into the eternity of the next life?
May God bless and I hope you do the right thing.
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From uploaded file 122_BPACConsole.txt:
1/4/2010 3:55:29 PM... 23 change(s) to BPAC list.
1/4/2010 4:02:59 PM, True... 23 change(s) to BPAC list.
