Comment Text:
i0-001
COMMENT
CL-01314
From:
Sent:
To:
Subject:
kenneth pooser
Wednesday, January 20, 2010 10:37 PM
secretary < secreta ry@ C FTC. g ov >
FW: Regulation of Retail Forex
From: [email protected]
To: secreta [email protected]
Subject: Regulation of Retail Forex
Date: Sun, 17 Jan 2010 17:45:06 -0500
Dear Secretary,
I believe that the CFTC should continue to protect the consumer from fraud in the retail Forex
industry. I do not believe it is the job of CFTC to protect people from themselves. If the CFTC insist
on raising leverage requirements to 10 to 1, I believe it will destroy the U.S. retail forex industry. I
will no longer be able to make a living using a U.S. broker and will be forced to use a broker
outside of the U.S. This will have a negative effect on the U.S. economy at the worst time. This will
also cause my funds to have less protection from fraud. If this happens I, along with many others
may be forced to find other employment in a bleak economy. Perhaps the CFTC could impose more
stringent requirements on people who want to open new accounts. Please let me and others who
have worked very hard to achieve success continue to do so. PLEASE DO NOT RAISE LEVERAGE TO
10 to 1 requirement. Thank you for you time.
Kenneth Pooser
p.s. I have re-sent this email with the RIN number included:
RIN 3038-AC61
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