Comment Text:
i0-001
COIMMENT
CL-06496
From:
Sent:
To:
Subject:
k h
Sunday, March 7, 2010 5:59 PM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
Dear Secretary David Stawick, Although I agree with some of the provisions of the
Proposed Regulations
Regarding Retail FOREX Transactions
and I understand why and whom this is aimed at decreasing the margin
to 10:1 will do more harm than good. As an active trader I depend on this market and what it offers to
supplement my income as a teacher. Being able to trade on a margin of 100:1 is huge for me as well as
many of my peers. I was able to put myself in a position to get in this market because of margin. As a
teacher, I consider myself middle/low income. If I needed 1 Ok to get in this market with a 10:1 vs.
1000k at 100:1 I would never have been able too. IfI had 10k evidently I would probably no need to
supplement my income.
Please consider the ramifications of this proposal and how many people it would hurt financially
including a teacher like me.
Sincerely,
Kim Yancey
