Comment Text:
i0-001
COMMENT
CL-04084
From:
Sent:
To:
Cc:
Subject:
Dick Anderson
Tuesday, January 26, 2010 2:40 PM
secretary
[email protected]; [email protected]
Regulation of Retail Forex
Gentlemen,
I have reviewed the proposed rule changes related to
RIN 3038-AC61 and the change of leverage to 10 to 1
and wish to express my DISAGREEMENT to leverage changes. Your organization's previous
restrictions enacted this year have already begun forcing many traders to foreign companies in England
and elsewhere resulting in decreased volume and revenue for our American forex companies.
I know because I have moved my most used account to England. I have other American accounts which
are used less because of the hassles related to the rule changes you have already made this year.
This leverage change will greatly exacerbate this problem resulting in reduced American business, j ob
layoffs, reduced taxes revenue to government; all during a time when our economy is in dire straits.
You are killing the retail forex trade in America, maybe that is your intent.
In my opinion, America and the public would be better off without regulations and regulators of this
nature.
Sincerely,
Joseph Anderson
J.W. Anderson Associates Inc.
