Comment for Proposed Rule 75 FR 3281
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From:
Shane Riemenschneider
Organization(s):
Comment No:
2518
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02518
From:
Sent:
To:
Subject:
Shane Riemenschneider
Friday, January 22, 2010 8:42 AM
secretary
Regualtions concerning Retail Forex transactions
To whom it may concern, Hello And Good Day.
I am writing to let you know, of my opinion as to the impact of lowering leverage rates down to a 10-
to-1 ratio.
This change would
drastically reduce the benefit
of trading foreign currencies to myself, and the
general retail market, currently engaging in the retail forex market.
If therefore the general retail market withdraws itself, and its funds, once it deems the reward not
worth the risk, or time needed to execute, this would
considerably downsize
the forex retail market in
our country.
As you know, the income taxes from trading currencies would prove a valuable increase to the financial
stability of our country.
It would seem a shame to me to loose out on such a great opportunity as a nation.
Thank you for your time and attention.
..... Shane .....
