Comment Text:
i0-001
COMMENT
CL-08796
From:
Sent:
To:
Cc:
Subject:
The Barringers
Sunday, March 21, 2010 9:56 PM
secretary < secretary@ C FTC. g ov >
cftcfeed back@ fxd d. corn
Regulation of Retail Forex
Mr. David Stawick, Secretary
Commodity Futures Trading Commission
Dear Sir:
I am writing to object to a reduction in leverage as now exists in the forex retail market, as being
considered in RIN 3038-AC61. Iam a small trader and would probably be denied the privilege of
trading should the proposed changes be made. The changes will only reinforce the strength of the
"big dogs" who will not even notice our absence and will continue to line their pockets using our
money when we can't even get in. Hold off considering changes until new banking controls are
considered in Congress. They could change the financial environment in a way which might make
changes that effect the small trader differently than are presently being proposed.
Leave the present rules alone, particularly the rules pertaining to margins. Don't drive us off-shore
where we can continue trading with relatively small accounts which now pay our food bills since the
huge stock market plummet under the past Administration. We are still recovering and Forex is
helping our survival.
Don't rush into changes that will hurt the small trader and be just one more step to strengthen the
big guys to the detriment of the middle-class guy. Thank you.
Sincerely,
Charles E. Barringer
Hotmail: Trusted email with Microsoft's powerful SPAM protection.
Sign up now.
