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Comment for Proposed Rule 75 FR 3281

  • From: Kenneth Neiman
    Organization(s):

    Comment No: 6597
    Date: 3/8/2010

    Comment Text:

    i0-001
    COIMMENT
    CL- 0 65 97
    From:
    Sent:
    To:
    Subject:
    kneiman
    1
    @aol. com
    Monday, March 8, 2010 6:57 PM
    secretary
    Public Comment Form
    Below- is the result of your feedback form. It was submitted by
    (kneimanl@aohcom) on Monday, March 08, 2010 at 18:57:02
    commentersubject: Regulation of Retail Forex
    commenter comments: I am a senior citizen. I trade Forex. I am on a
    fixed income and have limited resources. I trade
    responibly. Why are you going to force me to move
    my trading account offshore? Is it because you want
    to be my "big brother"? Who are you trying to
    protect by changing the margine requirements? Is it
    that you are bending to the will of the banks and
    institutions who would prefere that small investors
    would not have access to the Forex market? Are you
    trying to protect small investors that won't take
    the time to learn how- to trade responsibly? Rest
    assured, you will not be helping me. In fact, you
    will
    probably be harming me by forcing me to move my
    account offshore where I may have less control over
    it. The brokers make substantial dollars from the
    Forex market. Don't you think that it would better
    if the taxes paid on brokers profits were paid to
    the United States? Of course, down the road, I am
    sure that some commission or other will decide to
    put another restriction on us, so that we will have
    to pay for trading offshore. Please do not change
    the margin requirements for trading Forex.
    commenter name: Kenneth Neiman
    commenter withhold address on: ON
    commenter addressl: 2521 Lotus Hill Dr
    commentercity: Las Vegas
    commenter state: NV
    commenter zip: 89134
    commenter fax: 702-445-7232
    commenterphone: 702-445-7232