Comment Text:
i0-001
COMMENT
CL-08354
From:
Sent:
To:
Subject:
george@northshorecountrymarket, org
Wednesday, March 17, 2010 9:57 PM
secretary
Regulation of Retail Forex
Aloha
Reply to: RIN 3038-AC61
I say NO to the restrictive, harmful and evil 10:1 margin requirement. Why is the CFTC
trying to kill the USA Forex Industry? Why is the CFTC attacking low-income people
and their right to make money.
Right now, as a small trader I am able to hedge against inflation, supplement my future
Social Security and avoid welfare in my old age. At a 10:1 margin I will no longer be able
to trade. Because it means, I will need 10 times more money in my account than I have
right now. Money currently used elsewhere to maintained my living. The 10:1 margin
requirement for low-income people means greater risk to capital and no chance to make any
money. In fact, the destructive 10:1 margin requirement will handicap all American Traders.
Do I need to move out of the country or change my citizenship in order to make money in
the Forex Market? Really, why does CFTC even needs to exits?
-George
george@ NorthShoreCountryMarket.org
