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Comment for Proposed Rule 75 FR 3281

  • From: Jim Wallace
    Organization(s):

    Comment No: 8320
    Date: 3/17/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08320
    From:
    Sent:
    To:
    Subject:
    Jim Wallace
    Wednesday,
    March 17, 2010 8:52 PM
    secretary
    Regulation of Retail
    Forex: RIN 3038-AC61
    Sir:
    This is a bad idea. As a retail forex trader I want to make sure my
    opposition to this regulatory screwup is on record and clearly stated.
    We have far too much government regulation now, but this idea, if
    implemented, will result in several bad, perhaps unintended
    consequences. Retail forex will become less safe for American traders
    as brokers offshore, and on small islands, become the norm. The US
    will lose highly skilled jobs. Will traders become criminals, too?
    Not too farfetched, is it.
    Can't you think of something useful to do? Like maybe retire or take
    an extended vacation.
    Do you think I sound disrespectful? You have no idea.
    I'm sure you, like your peers, could care less what American citizens,
    taxpayers, ordinary folks working for a living think, but we will
    remember the guys who're busy screwing us on our dime. You, sir, are
    an employee of the American people, which you seem to have disregarded.
    What a bad idea!
    Sincerely,
    Jim Wallace
    Augusta, Georgia