Comment Text:
i0-001
COMMENT
CL-01394
From:
Sent:
To:
Subject:
[email protected] on behalf of
David Hardin
Wednesday, January 20, 2010 11:58 PM
secretary
Regulation of Retail Forex
RIN3038-AC61
To David Stawick, Secretary Commodity Futures Trading Commision,
I am contacting you to voice my opinion on the subject of changing the margin requirements for retail
Forex customers. This would be the second change in 12 months and will most likely destroy the U.S.
retail Forex market. For a small trader, such as myself, changing the margin requirement by a factor of
ten will effectively put me out of business or cause me to use an offshore broker who would not be
bound by such inane regulation but who also is not bound by any type of regulation whatsoever, putting
my investments at a much higher risk than a margin of 100:1 ever could. If enacted, these new
regulations will drive billions of taxable dollars offshore and will cause even more American businesses
to close in these tough economic times.
Trading is risky, we all know it but some choose to ignore the facts. Trading in ANY market is risky
and it always will be. Please, do not legislate away my freedom to invest my money in the manner that I
choose.
Sincerely,
David Hardin
405-205-2994
[email protected]
