Comment Text:
i0-001
COMMENT
CL-03769
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[email protected]
Monday, January 25, 2010 11:59 AM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first name Jim
last name Wolfe
address1 Calgary
city Calgary
country Canada
us state Alberta
zip T3L 2H3
company Self Employed Forex Trader
Hello,
I wanted to send a note regarding the proposed changes in leverage for Forex trading from
100:1 to 10:1. In these very tough economic times alot of us have fallen on tough times, and
Forex trading has been the only positive for me and my family in over a year. If you make this
change, it will wipe us out, there is no way an individual can trade at 10:1. There are
thousands and thousands of poeples' income and livelyhoods that would be destroyed, and
thusly having more negative effects on this fragile economy. If there are individuals that are
creating problems and therefore the reasons for these change proposals, then there needs to
be a way found to deal with them, but not by shutting down the entire industry. Please DO
NOT make these changes - find a way to deal with the problem traders, but like I said, not by
shutting us all down!
DO NOT make the changes to leverage for Forex trading!! Please!!
