Comment Text:
i0-001
COMMENT
CL-08749
From:
Sent:
To:
Subject:
Bryant and Beverley Sewall
Sunday, March 21, 2010 11:37 AM
secretary
Fw: Regulation of Retail Forex
Mr. David Stawick
Commodity Furures Trading Commission
Dear Mr. Stawick,
reference RIN 3038-AC61
I am a retired person making a supplement to my meager retirement income by making small FOREX
trades through Trade Station, Inc. via the internet.
Changing the levrage provisions from 100:1 to 10:1 will stop my trading completely as I will not be
able to fund an account. I am sure there are thousands of people like me that trade these small
accounts for income supplementation that this proposed rule change will shut down. I can see no
reason to change a system that is working for one that will not, destroying the income of many, many
small traders.
This change will drive the entire industry to foreign markets and foreign brokers outside your realm
and open up many avenues for fraud that do not now exist.
Please condider the unintended consequences carefully before your action destroys the U.S. trading
industry.
Thank you for your attention to this plea.
Cdr. William Bryant Sewall, US Navy, Retired
Plano, Texas
[email protected]
