Comment Text:
i0-001
COIMMENT
CL-06906
From:
Sent:
To:
Subject:
Jeff Spahn
Friday, March 12, 2010 7:27 PM
secretary
Regulation of Retail Forex'
RIN 3038-AC61
You can't possibly fathom the damage you will do to retail traders that rely upon the leverage
to trade and make a living trading if you change the leverage amount. This is not about big
banks using this to hurt the markets. You will wipe out the livelyhood of thousands and
thousands of people over ight and only add to the unemployment problem this country
already faces. Many retail traders rely upon the forex market as their sole source of income
or worse yet their only way to reach the pinnacle of the American dream and work for
themselves.
Please don't not allow this poorly thought out idea of 10 to 1 leverage to succeed or it will for
many like me out of their homes, into welfare and into abject poverty with no hope of ever
getting ahead life. Look instead to finding regulation that won't harm the small retail trader
like so many of us.
Sent from my iPhone
Jeffrey Spahn
