Comment Text:
i0-001
COMMENT
CL-08565
From:
Sent:
To:
Subject:
John G. Rushing
Thursday, March 18, 2010 10:13 PM
secretary
'Regulation of Retail Forex'
Towhom it may concern;
The over regulation of the Retail Forex industry in the US, (the Maximum
Levera_o_ e qf lo-1) (PIN 3o38-AC6~)
is forcing traders to open up Accounts in
the UK. The money being taken out of the US economy, I'm sure, is not what is
intended with this short sighted 'MAX lo-1 LEVERAGE', but I assure you this is
what is going to happen as a Mass Exodus of mostly small time traders take their
business to anyplace that will not have such a negative inpact on a business that
requires Large Leverage, because the movements in the Currency Market are so
small that you must control a large Contract size, (Lot Size)for the movements to
be worth the risk involved.
I'm hoping this will not fall on deaf ears, but business men that have an idea of
how this will all but elimenate the Retail Forex Industry in the United States of
America.
Thank You,
John G. Rushing
[email protected]
