Comment Text:
i0-001
COMMENT
CL-00577
From:
Sent:
To:
Subject:
Rosheen Rutherford
Tuesday, January 19, 2010 1:12 PM
secretary
Regulation of Retail Forex
Hello...
This email is in regards to Identication Number RIN 3038-AC61 concerning Regulation of Retail Forex.
I am STRONGLY opposed to changing forex margin levels from 100:1 or better down to 10:1. This
rule is oppressive, and makes me feel like I'm no longer in a democratically ruled nation. Government
was invented to protect us, not to limit our potential. We have already seen major regulation in
Retail Forex by ending all hedge trading as well as the FIFO rules. It's time to stop! If you don't want
the brokers in the USA to fall, please don't inhibit the potential of the Retail Forex traders. Many
people have left their USA brokers and gone overseas where no such rules exist. Lowering forex
margin levels down to 10:1 will certainly be the last straw and drive everyone to close their USA
accounts to go overseas where they have more freedoms than in the USA. Who would ever think
there'd be more freedom in another country? What happened to the 'American dream'?
Sincerely,
Rosheen Amend
rosheen 1 @yahoo. com
163 Widgedon Landing
Hilton, NY 14468
