Comment for Proposed Rule 75 FR 3281
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From:
William Sageser
Organization(s):
Comment No:
1976
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01976
From:
Sent:
To:
Subject:
Hank Sageser
Thursday, January 21, 2010 4:31 PM
secretary
Retail Forex leverage restrictions.
Hello,
I and other associate traders I know believe that the proposed new
Forex retail trading leverage restriction is the last thing that our
economy needs. Professional traders do rely on this leverage to make a
living, passing such a restriction would in effect leave many of us
out of work. As the economy struggles this regulation would take away
one of the main options many of us have for gainful employment. Also
if overseas banks are able to take on our accounts this would hurt us
banks. Jobs Jobs Jobs, it seems that the current politicians in power
want to find every way they can to keep Americans out of work.
William Sageser
Full time Forex trader.
