Comment Text:
i0-001
COMMENT
CL-08830
From:
Sent:
To:
Subject:
Bob Ross
Monday, March 22, 2010 5:33 AM
secretary
Regulation Of Retail Forex
David Stawick,
Secretary, Commodity Futures Trading Commission,
1155 21st Street, NW,
Washington, DC 20581
RE: RIN 3038-AC61
Dear Mr. Stawick!
The role of the CFTC is to protect the American investor, not hurt him! And also, your role is not to try and protect the investor from
himself!
Leverage is a tool. And like any tool, it can be used wisely or foolishly. The 100:1 leverage is what allows the small investor like myself
to be able to trade the FOREX market.
Reducing leverage to 10:1 will result in less income for thousands of traders, which means less capital gains, which means less
income for the US government!
Plus, this move would essentially wipe out retail FOREX in the US and put many highly-skilled workers out of work.
Does President Obama know that you want to decrease revenue for the government, and increase the unemployment rate?
Respectfully yours,
Robert Ross
Los Angeles, CA
