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Comment for Proposed Rule 75 FR 3281

  • From: Clement Owusu
    Organization(s):

    Comment No: 7431
    Date: 3/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07431
    From:
    Sent:
    To:
    Cc:
    Subject:
    Clement
    Sunday, March 14, 2010 1:55 AM
    secretary
    [email protected]
    Regulation of Retail Forex WHY?
    RIN 3038-AC61
    I HAVE BEEN MAKING A LIVING TRADING IN RETAIL CURRENCIES FOR A WHILE.
    I WAS ABLE TO DO IT BECAUSE IT REQUIRES A SMALLER CAPITAL COMPARED TO OTHER BUSINESS BECAUSE OF
    LEVERAGE. IF IT WAS NOT THIS LEVERAGE I COULD NEVER HAVE SAVED ENOUGH MONEY TO START IN THE FIRST
    PLACE.
    WHAT HAS BEEN PROPOSE WILL COMPLETELY SHOUT THE POOR OUT OF A CHANCE TO GET OUT OF POVERTY. WHY
    DO YOU WANT THE FOREX TO BE FOR THE FEW? WHAT IS WRONG WITH LEVERAGE?
    PLEASE THIS PROPOSAL MUST BE SCRAPED BEFORE IT SENDS DARKNESS ON THE ALL NOT WELL OFF LIVE THOSE
    WHO ARE PROPOSING IT.
    THANKS.
    CLEMENT OWUSU
    SOUTH AFRICA