Comment Text:
i0-001
COMMENT
CL-08425
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To:
Subject:
[email protected]
Thursday, March 18, 2010 5:53 AM
Re: RIN 3038-AC61 Retail Forex Regulation
Re: RIN 3038-AC61 Retail Forex Regulation
Dear Sir:
I am opposed to leverage requirement change of this proposed regulation. I am not aware of the reasons why this is being considered,
other than possibly an attempt to "protect the retail trader", but more regulation is not what we need. We are all adults here and are
responsible for our own actions. I have already moved one of my trading accounts overseas as a result of the most recent ruling
concerning placement of orders. If this proposed ruling is implemented, I will promptly be moving my remaining accounts overseas.
At a time when our government is trying to use every possible means to generate revenue, to give up tax revenues of brokers doesn"~
sound like something the Treasury Dept. would appreciate. Have you asked Mr. Geithner about this?
Sincerely,
David Alabaster
