Comment Text:
i0-001
COMMENT
CL-04950
From:
Sent:
To:
Subject:
brian twomey
Thursday, February 4, 2010 8:46 AM
secretary
regulation of retail forex trading
Sirs and Madame,
These ongoing efforts to close down the currency and other markets is just not conducive to a healthy
America, healthy markets and those many other nations and their citizens around the world that depend
on the systematic structure of our markets. More regulations causes capital to flow to other locales,
losses of a tax base and a loss of a competitive structure that appears to be dwindling as new regulations
keep coming at us. This is just what will happen and you at the CFTC know this.The CFTC and NFA
have done a great job to regulate the crooks out of the US, do you now want to regulate the market
participants out of the US as well. I ask you to stop this systematic approach to close down the currency
markets. It is not healthy and it won't help the markets or US participants. Do you think other nations are
tearing down their markets through increased stranglehold regulations. No they are opening their
markets and decreasing regulations. American traders know what they are doing and they don't need
anymore of these help thy customer rules against the mean old firms that are greedy and only want our
money. That is not the case, that is not our markets and that is not this great nation we call America
whose competitiveness decreases as more and more regulations hit us. I am not only against this
proposed margin rule but I ask you to backoff for the sake of Americans, for America, for traders and
for those of us who wish to maintain a living by trading. We sincerely don't need anymore of your type
of help. I'm sure I speak for all participants when I say I implore you all to please backoff and stop the
further stranglehold because they are choking us out of existence in the markets in America.
Respectfully, Brian Twomey
