Comment Text:
i0-001
COMMENT
CL-00315
From:
Sent:
To:
Subject:
Stephen Beilby
Monday, January 18, 2010 11:54 AM
secretary
Regulation of Retail Forex
10:1 leverage is a bad idea. I was laid off 7 years ago from a job at IBM. Have not been able to find work since.
I make my living by trading forex. I am not dependent on government, at this point. You want me to be? Leave
us retail traders alone. Let things be. With the size of my account, I can make $30,000 to $50,000 a year to live
on, and that is fine. If you change the leverage, my account size will only support me making $3,000 to $5000 for
me to live on, and that will make me have to go on welfare, is that what you are trying to accomplish? I am
educated in 4X, I know the risks. Your proposal does nothing to change me knowing the risks. Enforce the rules
you got if you want to safeguard me. Keep your nose out of my business. If you want to do something for the
good of the country, go after companies like IBM who age discriminate by laying off people before their pension
plan has had time to come to full value
according
to the formula they used to compute their pensions. Quit
proposing things like taxing the profits of banks -- and this proposal -- and allow democracy to flourish in the US
where the American dream can be realized rather than Obama style communism that takes away my chances for
getting ahead and gives my profits from MY hard work and MY risk to someone else who did not earn it.
Stephen Beilby
1414 11th Ave NE
Rochester, MN 55906
