Comment for Proposed Rule 75 FR 3281
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From:
Peter Mcmanus
Organization(s):
Comment No:
2243
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02243
From:
Sent:
To:
Subject:
peter mcmanus
Thursday, January 21, 2010 8:44 PM
secretary
Question
OK SO I AM JUST EMAILING TO GIVE A LOOK INTO ,MY SITUATION. I AM 23 YEARS OLD
AND HAVE BEEN TRADING FOREX ON THE RETAIL SIDE FOR ABOUT A YEAR AND A
HALF. I HAVE MADE SIGNIFICANT GAINS IN THAT PAST YEAR OR SO AND I AM
HEAVILY OPPOSED TO THE NEW PROPOSED REGULATIONS ON LEVERAGE POWER. I
REALIZE LEVERAGE CAN BE JUST AS HARMFUL AS IT IS HELPFUL, BUT FOR ME,
STARTING MY ACCOUNT OUT WITH A MERE $2500.00 1 WOULD NOT HAVE BEEN ABLE
TO REAP OVER A 100% PROFIT WITH THE PROPOSED NEW RULES. PEOPLE ARE MORE
THAN ADEQUATELY WARNED OF THE DANGERS OF LEVERAGE ON EVERY FOREX SITE I
HAVE BEEN TO. I AM JUST SAYING I AM SEVERELY OPPOSED TO THESE NEW
REGULATIONS, AND I ALONG WITH ALOT OF OTHER PEOPLE WILL MOVE THEIR
ACCOUNTS TO AN OFFSHORE BROKERAGE IF THESE NEW CHANGES TAKE AFFECT.
THANK YOU FOR YOUR TIME. - PETER MCMANUS
