Comment Text:
i0-001
COMMENT
CL-04392
From:
Sent:
To:
Subject:
Bob Anderson
Thursday, January 28, 2010 5:57 PM
secretary
Regulation of Retail Forex
Re: RIN 3038-AC61
I write to you in opposition to proposed regulations that would increase margin requirements on Forex
accounts from 1:100 to 1:10. This changes will kill the retail Forex market in the United States, make it
impossible for small business traders to make a living trading currencies, and greatly impair the public's ability
to hedge themselves against irresponsible government policies that are likely, if not certain, to destroy the
value of our currency and bankrupt our country.
It is truly sad to see government attempting to destroy small traders with proposed trader taxes and increased
margin requirements to look like they are doing something to a financially ignorant electorate, instead of
attacking the root causes of the financial collapse, massive financial fraud by investment and commercial
banks which has gone unpunished. Shut down or break up the banks responsible for this mess, close down
the unregulated shadow banking system and the phony unregulated products they sell to each other
pledging trillions they don't have, prosecute the people responsible, and quit acting like you are doing
something while covering up what really happened.
Thank you,
Robert Anderson
