Comment Text:
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COMMENT
CL-00293
From:
Sent:
To:
Subject:
Nicholas Mahan
Monday, January 18, 2010 5:19 AM
secretary
RIN 3038-AC61 Regulation of Retail Forex
To whom it may concern,
I am emailing you in response to the new rules the CFTC is contemplating on implementing in the Forex
community. While some of the rules sound productive, i believe the majority are non-productive and
will result in many Americans going overseas for their forex accounts. That is exactly what happened
when the FIFO and anti-hedging rules were put in place. Many more people will move their account
overseas, if some of the new regulations are put into place, like the 10:1 leverage restriction. Please
carefully consider the implications of what you are doing, for it could result in the loss of many jobs
here in the U.S. as thousands of American Forex traders move their accounts overseas.
Thank you for your valuable time,
Nicholas
