Comment Text:
i0-001
COMMENT
CL-04650
From:
Sent:
To:
Subject:
William Brislin
Sunday, January 31, 2010 9:54 AM
secretary
Regulation of Retail Forex
ID Number RIN 3038-AC61
I am a Forex trader with a small account. If you enact these proposed regulations on Forex leverage I
would have to either stop trading and close my account with my American broker or open a new account
outside the country. What this regulation would accomplish would be to cripple or put out of business
American Forex Trading companies as they would lose many, many customers. It serves no purpose in
protecting the speculator as contrary to Futures trading as soon as a margin call is hit in Forex trading
the position is liquidated. The account cannot go negative except for some slight slippage.
Please do no enact these regulations as they are destructive to American business and of no help for the
speculator.
William Brislin
