Comment Text:
i0-001
COMMENT
CL-03422
From:
Sent:
To:
Subject:
iRobotForex Admin
Saturday, January 23, 2010 11 : 10 PM
secretary
Regulation of Retail Forex
To whom it may concern besides us retail traders,
I understand that may of the board members at the cftc mainly hear
negative comments from US citizen about not understanding leverage
requirements in forex therefore they lost there account balances, This your
hearing from the uneducated people therefore you may make uneducated
decisions based on the complaints. Putting a 1:10 leverage would seriously
hurt the US economy because guess what a if this was enacted instread of
the money being spent in the USA trillions would be sent overseas to
counter your move, I ask you how is that a educated decision? or was it a
planned decision to intentionally hurt the retail forex market and America
as a whole? so the big boys can line there pockets with the small retailers
money?
This should be treated the same way the first rule of law works
"Ignorance of the law is no excuse to change the laws"
"Ignorance of leverage in trades is no excuse for change"
So unless we want to bankrupt America even more to the banana republic and
back then I would urge you to carefully consider and discuss this new "Rulei0-001
COMMENT
CL-03422
to ~vipe out America" before planning the major attack on retail traders and
the USD.
Thank you for your time and May God Bless America ~vith a lot more common
sense.
Steve Watkins
4031 E. Harry
Wichita, KS 67218
cell: 785-226-3166
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COMMENT
CL-03422
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