Comment Text:
i0-001
COMMENT
CL-08316
From:
Sent:
To:
Subject:
Terrance Goan
Wednesday, March 17, 2010 8:31 PM
secretary
Regulation of Retail Forex RIN 3038-AC61
Dear Sir or Madam
I have been a Forex trader for the past 6 years. I am very much against the proposed changes as far as
retail trade accounts are concerned. I have taken three of my accounts and have moved them to England
and if you change the rules again I will take the other three and move them as well. You will have cost
the US many jobs as I am sure traders like myself will not use REGULATED US DEALERS. I ended
up learning the hard way and lost $50,000 to one such dealer "Forex Swiss" and I fear many more
Americans will face the same fate. You will also cost the US millions of dollars in trade revenue. All
you are accomplishing by instituting further regulations is to hurt the people you want to try and protect.
Terry Goan
16753 Los Morros
Rancho Santa Fe CA 92067
858 759 6867
[email protected]
