Comment Text:
i0-001
COMMENT
CL-07608
From:
Sent:
To:
Subject:
[email protected]
Monday, March 15, 2010 9:10 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Sir,
I object to the proposed reduction in leverage on retail forex within the
US. Doing so will simply kill the business on the brokerage end. All the
traders like myself, will simply move their accounts overseas. If this
measure becomes law, the jobs of all those US taxpayers employed in the
forex brokerage business will be eliminated. The net outcome to traders
within the US will only amount to having to move accounts.
Bad idea.
Sincerely,
John Smoot
