Comment for Proposed Rule 75 FR 3281
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From:
Tim Black
Organization(s):
Comment No:
2942
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02942
From:
Sent:
To:
Subject:
Tim Black
Friday, January 22, 2010 6:24 PM
secretary
Regulation of Retail Forex
To whom it may concern,
As a retail Forex trader, it is imperative that I be allowed to leverage my account to produce the profits necessary
to continue my activity and I'm therefore against EI-N 3038-AC6]. Forcing retail Forex brokers to reduce
leverage to 10:1 will effectively kill the US Forex business. I personally, and everyone with whom I trade, will be
forced to move our accounts off-shore where the leverage exceeds even the current 100:1 allowed for US brokers
so as to continue to be able to make our livings as Forex traders.
The US economy is teetering on the edge of oblivion right now. Don't help push it over by attempting to protect
those who need no protection.
Thanks for listening.
Tim Black
[email protected]
