Comment Text:
i0-001
COMMENT
CL-03971
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[email protected]
Tuesday, January 26, 2010 l: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 David
last name Dantzler
address1 200 Crestwood Dr
city Peachtree City
country United States
us state GA
zip 30269
company individual
I have been trading the Forex market off and on for about 6 months to a year.
I have recently started trading almost daily with a small account.
In this DOWN economy I am trying to make money in this market and if you decide to pass
the new regulations for 1:10 leverage I will have to resort to other means of making money as
this is going to kill the little guys like myself. We are many and have small accounts that will
not be albe to SUCCESSFULLY trade with such a small leverage. I have just gotten used to
your other recent regulations that you put into place.
It appears that you do not want people trading the forex markets in the US. That will most
likely lead to trading overseas and funding the Swiss regualtors for example, instead of the
US regulators.
This is a big mistake that is if you pass these you regulations.
Please reconsider
thankyou
