Comment for Proposed Rule 75 FR 3281
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From:
Ryan Jaynes
Organization(s):
Comment No:
1358
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01358
From:
Sent:
To:
Subject:
Ryan Jaynes
Wednesday, January 20, 2010 11:20 PM
secretary
Regulation of Retail Forex RIN 3038-AC61
The proposed regulation would be a very undesirable event for the business of all Forex trading.
Limiting the leverage of trades would limit the markets to only the rich and large accounts effectively
eliminating smaller investors from ever having a chance to play in the market. This move would limit
the mobility of the markets and decrease the amount of business that forex brokers currently receive.
This proposal also would effectively prevent me from ever being able to trade again after spending many
years becoming more familiar with this market and then being unable to invest with small amounts of
money that would not ruin my livelihood if they happened to get lost. I believe that this proposed
regulation would be a mistake to pass and I strongly disagree with limiting the leverage of trades. I
thank you for your time
Sincerely,
A concerned forex trader,
