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Comment for Proposed Rule 75 FR 3281

  • From: Alexander J Everhart
    Organization(s):

    Comment No: 819
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00819
    From:
    Sent:
    To:
    Subject:
    Alexander Everhart
    Tuesday, January 19, 2010 7:54 PM
    secretary
    Regulation of Retail Forex RIN 3038-AC61
    Dear Secretary,
    The proposed Retail Forex regulation RIN 3038-AC61 is a very bad idea for many reasons. Firstly it
    will make Forex trading far riskier for US Citizens. The reason is because there will be plenty who will
    risk more in order to try to make the same amount of money. Secondly it will assure that no foreign
    individuals will use US Forex Brokers.
    On top of the Mr. Secretary, are you purposely trying to make sure the US goes into a depression? This
    will absolutely kill the Forex industry in the US and will cause US Forex Traders to instantly go with
    overseas brokers. I will certainly be one of the first.
    This is not the time to play God and to destroy a market that allows the average person to make very
    good money. Are you a Capitalist or a Communist? If you are a Capitalist it would be in your best
    interest to kill this bill.
    Sincerely,
    Alexander J. Everhart
    Forex Trader for over 6 years