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Comment for Proposed Rule 75 FR 3281

  • From: Jason Myrup
    Organization(s):

    Comment No: 4536
    Date: 1/29/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04536
    From:
    Sent:
    To:
    Subject:
    Jason Myrup
    Friday, January 29, 2010 11:45 PM
    secretary
    10:1
    Dear Sirs,
    I know I'm a bit behind in getting this to you, but I really need to weigh in on the
    i0:i
    leverage issue. I've spent
    the last several years learning the forex market and doing my own due diligence to trade wisely.
    This sort of rule is about to kill forex trading in the US. I for one am planning on moving my money overseas.
    There is no reason to keep it in the US anymore. Every time l turn around there is one more rule that is making
    it difficult for me to do what I love to do ..... Trade forex. First it was down to 100:1. Then no hedging, then FIFO.
    What's next? You have to invest dollar for dollar in futures or don't trade at all?
    There are thousands of traders that will follow suit and send our money to other countries instead of benefitting
    our own USA. l'm sorry that it has come to that.
    I understand the need to regulate unscrupulous brokers, but then punishing the traders on top of that is
    downright un-neighborly. Please reconsider your current train of thought, there is much this country can
    benefit economically from retaining the forex market here in the US.
    Thank you for your time.
    Take care,
    Jason Myrup
    801-836-7983
    [email protected]
    - Freedom is the right of all sentient beings.