Comment Text:
i0-001
COMMENT
CL-08088
From:
Sent:
To:
Subject:
Frank Beckert
Tuesday, March 16, 2010 11:21 PM
secreta ry < secretary@ C FTC. g ov >
Regulation of Retail Forex
I proudly trade the retail forex market. RIN 3038-AC61 worries me greatly. I fear I will have to
refrain from participating in the forex market because of it. The leverage that my broker is able to
extend is the only reason I am able to participate in the retail forex market. If the rules by which
leverage and margin that my broker can offer are changed as is written, I would not be able to
trade the forex at all. The reason I started trading the forex was the fact that I didn't need a
mountain of money to participate and therefore make a meaningful difference my life. The other
market were outside my reach. I realize the risks of the forex and prefer not to be protected from
myself, thank you very much. I have been working long and hard building my dream of making a
living trading the forex. And it appears that RIN 3038-AC61 would put an end to such an endeavor.
Now I believe that the good folks looking to change the rules are indeed trying to protect people
such as myself. But if that same protection makes it unable to trade the forex then that, I believe,
is not protection. That would be what I call exclusion Please to not exclude me from pursuing my
dreams.
Thank You for your time, Frank E Beckert
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