Comment Text:
i0-001
COMMENT
CL-03381
From:
Sent:
To:
Subject:
clinton lancaster
Saturday, January 23, 2010 7:39 PM
secretary
Regulation of Retail Forex
Re: RIN 3038-AC61
Dear Sir,
I am a retail forex trader. I am opposed all the new proposed limits on leverage and margin requirements on forex retail
traders in the United States. I am continuously made aware of the risks of trading the forex market. I have the right to decide
for myself the risks that I want to take with my ownership of my monies. We as retail forex traders do not need protection
from our own decisions. By instituting restrictions on the retail trading markets, it will only force those who desire to
continue trading with reasonable leverage and margin requirements to seek resources elsewhere, if it means opening an
account outside of the regulatiing country. I think that the CFTC is doing enough by making traders aware of the risk of
trading and will continue to benefit traders in the United States by limiting it's role to risk awareness instead of instituting
regulations. We as American citizens are losing our rights to freedom of commerce due to all the
regulations and government interventions, while peoples of other countries are enjoying the freedom of enriching
themselves.
Thank you,
Clinton E. Lancaster
forex retail trader for American Freedom
