Comment Text:
i0-001
COMMENT
CL-08033
From:
Sent:
To:
Subject:
Jim Johnson
Tuesday, March 16, 2010 7:29 PM
secretary
Regulation Ruling 3038-AC61 10-1 leverage
David Stawick,
I think that the 10-1 leverage ruling 3038-AC61 is an outrage and an attack on American
Capitalism.
As I have looked at the concepts in the proposed bill and I cannot find a single benefit to
anyone for this action.
If taken, this action will just ruin American citizens from participating in this market in a fair and
balanced manner.
From what I understand this would cost the government millions of dollars per year not to
mention chase United States dollars to offshore accounts, accompanied by the loss of job in
the this country and make this market very unfair
I am 56 years old this month. Given the uncertainty of the future of Social Security and the
recent financial crisis which reduced my 401K to a 201 K, we aging "Baby Boomers" need
available to us as many legal and fair opportunities to provide for our futures and to
supplement the payment of expenses in the present.
I have personally found the retail Forex market with its current leverage levels to provide that
opportunity to me.
The propose ruling must not pass.
Sincerely,
James R Johnson
1014 Ponderosa Way
Rock Springs, VVY 82901
307-221-4709
