Comment Text:
i0-001
COMMENT
CL-08700
From:
Sent:
To:
Subject:
Stanley Randolph
Saturday, March 20, 2010 3:20 PM
secretary
Regulation of Retail Forex
To the Secretary of CFTC:
It has come to my attention that your organization intends to enact new rules, namely reference RIN 3038-
AC61.
I feel that what will happen is you will be cutting the United States and its participating citizens who are
involved in Forex speculation to move their accounts elsewhere. That may cut the country's tax revenue
from earnings, and many people who are not aware of unscrupolous firms elsewhere to be inadequately
funded and lose their money entirely, adding to the loss of revenue to our government, already seriously
underfunded and over budgeted.
I for one already trade on the London market instead of New York, because of rules currently stifling a
person's ability to make certain trades.
Thank you for taking the time to read this and hopefully enough of us will write and sway you to not change
the leverage.
There will always be those whose greed opresses their sensibility and they feel that they know "enough to
be dangerous. "
Well they do; but the danger is to themselves and those of us who proceed with caution until we have
enough skill and nerve to trade and not blame the system when we lose.
Respectfully submitted,
Stanley Randolph
Forex Trader.
