Comment Text:
i0-001
COMMENT
CL-06378
From:
Sent:
To:
Subject:
Andrew Pier
Saturday, March 6, 2010 10:38 AM
secretary
Regulation of retail forex REF: RIN 3038-AC61.
The continued tampering to regulate the leverage ratios in the forex markets is insane!
The forex trading industry is meant to be a free open trade and exchange among individual traders to help
keep the markets in motion and provide a sensible place where small investors can participate.
While I understand that because of a few men in control at the federal level have allowed our economy to
get into a very high economical bubble, we (the small investors mainly) now have to suffer the
consequences of the acts of others.
It is
NOTgoing
to help things by continually cutting the income potential of many small businesses and
investors.
In fact there is NO DOUBT in my mind that cutting the leverage on foreign exchange will not help reduce
big companies from taking high risks, it will only increase it. By
doing this you will devastate and
completely wipe out many investors small and large from trading!
After both my wife and I lost our jobs due to the economy, trading is what kept us financially afloat until I
could find work. I don't make enough money with my job to spend money on anything except living expense.
Trading allows me the freedom to build a savings and provide for my family and I and also helps in
contributing back into the recovering economy.
If there ever was a time when you should really take notice of what people are saying it is now. I am
presently building a small business around the Forex trading industry and raising the leverage would kill my
dream and hope for additional income to keep healthy and thriving.
Please once again don't change the leverage in the Forex. This is a free and open exchange and
everyone is a where of the risks.
The government should not try to be babysitters here this is not the arena to be messing with
peoples lives on such a broad scale.
If anything, you should regulate the education to people on how to properly invest and not try to just
cut throat the system as a whole.
I mean no disrespect but please listen to the voice of an average person who relies on the leverage
available in the Forex to trade and earn a living.
Thank you for your time!
"The biggest mistake people make in life is not making a living at doing what they most
enjoy."
- Malcolm S. Forbes (I 919-1990)i0-001
COMMENT
CL-06378
