Comment Text:
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COMMENT
CL-07802
From:
Sent:
To:
Subject:
Lynn Hales
Tuesday, March 16, 2010 11:36 AM
secretary
Regulation of Retail Forex
I working hard to move into my retirement years and supplement my income through Forex trading. It is the perfect vehicle
for my needs however the new proposed regulations requiring 10:1 leverage absolutely negates my hard work and money
management strategy. I trade used to trade with two different Forex trading companies - One US based, and one Canadian.
With the proposal in the news I've already opened an account in the UK and moved the majori~ of my trading funds there.
I'll tnove all of my funds offshore if your proposed 10:1 leverage becomes law. This proposal will kill US retail forex trading
companies, create thousands to loss their jobs and won't affect my trading a wining strategy in the UK at all. This provides
no protection for me whatsoever. Please listen to us who actually trade before killing the retail Forex market in the US.
Thank you, Lynn Hales
Lynn Hales
Salt Lake City UT, 84108
[email protected]
