Comment Text:
i0-001
COMMENT
CL-08840
From:
Sent:
To:
Subject:
ddark@triad, rr.com
Monday, March 22, 2010 8:56 AM
secretary
Regulation of Retail Forex
Secretary of CFTC,
In response to the proposed bill ID #RIN3038-AC61, would you kindly dismiss this proposed bill. The intended
outcome of this bill will not be the ultimate response that this agency is looking for. With proposals that you are
recommending, will sadly, make things worse not better.
Raising the leverage requirements, demanding that individuals be registered with the CFTC are not intelligent
actions to take. First off, this STILL is the United States of America. This country was founded on people taking
responsibilites for themselves, not having someone else do that for them. If someone puts too much money into a
trade...let them lose it. That is their God given right. That's what makes trading the markets such a wonderful,
passionate, American way of doing business. It's up to you whether you suceed or not.
Making these proposed changes will:
A) Move funded accounts off-shore where there aren't as many stringent, over-bearing, down-right non-American
laws
B) Cost the U.S. millions of dollars in tax revenues and trade
C) Further move this country from its foundation to a more socialistic society of big brother having to tell us what
we can and can't do
D) Have companies pop-up all over the world to broker for US citizens and ultimately lose their money from
bankruptcies or enapt practices, to downright deceit. Isn't that why your agency was created? To look after us, not
push us over the edge.
There is no way that the proposed bill is in anyway healthy, or good, for the the people of the United States, nor is
it constitutionally correct. At some point we have got to go back to our countries beginnings and stop this madness
of becoming a socialistic society.
Please do not allow this bill to pass for the good of the American public. STOP THIS IDIOTIC BILL!!
Sincerely,
Daniel Dark
