Comment Text:
i0-001
COMMENT
CL-05065
From:
Sent:
To:
Subject:
Duane Dodd
Friday, February 5, 2010 4:27 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
To whom it may concern:
My name is Duane Dodd and Iama foreign exchange retail trader. Iam one of the little guys.
I would like to request that you not decrease the leverage requirement from 100:1 to 10:1. I do
not have the funds available to tradea mini account if this ruling goes through. I have been forced
to reduce the funds I place in the hands of a broker due to the cftc and nfa not keeping tabs on all
of the different brokers available. I recently lost over $25,000 due to One World Capital Group
being able to slip through the cracks and somehow pulling off a ponzi scheme and getting away
with it for some time. Iwill never get my money back. This was my total funds available for trying
to get ahead in the game, and Igotwiped out. I have been able to continue my trading by only
placing a few thousand dollars with a broker in order to execute my trades at 100:1 leverage. I
have invested thousands and thousands of dollars in educational training in order to handle my
own funds rather than a fund manager, due to the 40%+ loss in the recent years in my retirement
plan.
Our Government is really putting the pinch on the working man and I humbly request that you
listen to the probable large numbers of letters of concern against this possible ruling, and not force
Americans to send their funds to foreign countries in order to continue trading. Let's notoutsource
anymore please.
Thank you in advance for your time,
Duane Dodd
duanedodd@hotmail, com
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