Comment Text:
i0-001
COMMENT
CL-08321
From:
Sent:
To:
Subject:
Paul Murphy
Wednesday, March 17, 2010 8:53 PM
secretary
Regulation of retail forex
RIN 3038-AC61
In regards to the above proposal which would change the margin requirements in the forex markets
please do not approve this horrible legislation as a favor to those like myself who have dedicated
countless hours and effort to try to learn this market. There are many like myself who are extremely
passionate about the currency markets who would be unable to trade this market with the changes. The
little man could not trade anymore, just like the $25,000 daytrading rule which made so many small
traders have to exit the equity arena. Please do not save me from myself. IfI fail in a trade it is with
money I could afford to lose and it is my fault if I make a bad trade in the first place. There are two
sides to every trade, one wins, one loses. Please give everyone who has invested so much time, energy
and even love to remain in this market as it is. I do not want to go overseas to open and account where I
willl have even less protection. If I lose all my money, don't worry, I won't ask for a bailout.
Sincerely, Paul Murphy, Coconut Creek, Florida
