Comment Text:
i0-001
COMMENT
CL-04540
From:
Sent:
To:
Subject:
Mark Pope
Saturday, January 30, 2010 12:41 AM
secretary
[] Regulation of Retail Forex []
Dear Secretary,
In short, please do not take my dream away. I have been studying the Forex markets for over 10 years,
and now I am ready to finally make my American dream come true.
I have been saving to finally open up a trading account, but these proposed new regulations put it all in
jeopardy, specifically the proposed 10:1 leverage ratio.
While all of the other proposed regulations make sense the 10:1 leverage ratio will essentially, kill the
U.S. retail forex market and cause the hundreds of thousands who do trade to seek accounts offshore.
As a person who has a speech impediment, I have found a niche in understanding and potentially
establishing my own business in the forex markets. This new regulation would seriously put a damper
on my dream, as well as possibly have an affect on the potential billions in tax revenue that traders like
me can give back to the American people.
In an economy that is currently experiencing over 10% and rising unemployment, increasing welfare
claims, and hundreds of thousands of bankruptcies a year, the forex market offers the individual who is
educated in the market a chance to be self-sustaining and not have to relay on goverment programs such
as welfare and unemployment benefits.
This is still the greatest country in the world that has the most millionaire's and entrepreneurs. Our
citizens thrive on the incredible opportunities that we have and we do not take our liberty and freedom
for granted. Please keep the dream alive for so many people like me who have a dream for financial
independence that will ultimately benefit all of our people.
Sincerely,
Mark Pope
