Comment Text:
i0-001
COMMENT
CL-06544
From:
Sent:
To:
Subject:
[email protected]
Monday, March 8, 2010 3:19 PM
secretary
Forex - I Can't Imagine Why You Change Leverages to 10:1
To whom it may concern..
I trade Forex, demo account for now, but have funds to open a Live account.. Your idea on dropping
leverages to 10:1 is absolutely going to kill this market.. US Brokers will go out of business, but trading will
still occur.. Investors of Currenty will switch to UK brokers, & they will benefit.. Again, another move by US
Feds, that will do nothing but benefit other Countries economies.. Very short-sighted on your part.. Way to
over-regulated.. Redistribution of wealth, & taxing wealthy investors will only drive their money out of the
country, as you are trying to do here.. A friend of mine currently trades with a US Forex Broker.. If you pass
this new legislation, his money will be pulled immediately & fed into a UK-based Forex Broker.. You guys
need to protect the wealth here & try & insulate it.. If you switch US Brokers to hold Forex leverages @ 10:1,
we will still trade, but with UK accounts.. No chance of your proposal working.. It will only hurt capital &
"jobs" in the US.. It appears you are doing your best to drive wealth out of this country.. Very frustrating..
Please consider this email only a concern for my US Country's economy.. Forex has provided a new life for
middle class America to make money in low-volatility investments.. You will ruin that momentum with this
legislation, & only spike business among European & Australian Forex brokers..
JustinShirley
CEO
Shirleylnternational Realty Inc.
2100 Constitution Square, Suite 181
Sarasota, FL 34231
office 941-448-4872
fax 815.550.8999
www.thesarasotadeed, com
Sarasota's "In the Know" Resource for Real Estate News!
www.TheSarasotaDeed.corn
