Comment Text:
i0-001
COMMENT
CL-05137
From:
Sent:
To:
Subject:
Dale Johnson
Monday, February 8, 2010 10:14 AM
secretary
Regulation of Retail Forex Id# RIN308-AC61
To Mr. David Stawick, Secretary C.F.T.C.
Regulation of Retail Forex Id# RIN308-AC61
Sir, not only will reducing the leverage basis on which a retail individual can trade forex be devastating of which
there are thousands of individuals,
It will drive the majority of retail trading to offshore accounts where this regulation will not apply, further increasing
unemployment in this country by
closing down brokerages that do not have offices worldwide. Also with a higher leverage basis more traders will
have the opportunity to gain more
profit sooner so we can pay more taxes. Therefore I humbly request that in your consideration of this law change
that you would vote against it.
Sincerely,
Dale Johnson
