Comment Text:
i0-001
COMMENT
CL-04688
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Dave
Sunday, January 31, 2010 6:24 PM
secretary
Regulation of Retail Forex - RIN 3038-AC61
RIN 3038-AC61
These new regulations will close the door on Forex for many of us. I don't know what your reasoning is but
requiring us to risk more of our own money isn't doing us any favors. You will kill the US based brokers and cause
MORE JOB LOSES. This doesn't make any sense. Please stop this insanity. I am currently unemployed and see
no job in the near future. My only hope of producing an income is from trading forex. I have studied my ass off for
2 years to get my trading to a profitable level and these regulations will close me out of the market because I can't
put-up the amount of cash that would be required. Please do not pass these regulations. I have to agree that
400:1 leverage is too risky for me but 10:1 is absolutely ridiculous. Anybody with a high school education is
capable of understanding the risk involved. Stop trying to protect us from ourselves. We know what we are getting
in to, we don't need big brother looking over our shoulder.
STOP THIS INSANITY!
Thank you.
Dave
