Comment Text:
i0-001
COMMENT
CL-08893
From:
Sent:
To:
Subject:
Joanne Ryser
Monday, March 22, 2010 4:38 PM
secretary
Regulation of Retail Forex
Regarding RIN 3038-AC61
I am strongly opposed to the proposed change in regulations which will limit the
leverage in our accounts to 10: 1. This will effectively put the small, individual,
middle class investor and trader out of business. Right now with my $20K account
and a 50:1 leverage I can make $100 - 200 per day. If these rules go into effect, I
would then have to have a $100K account to earn the same day's profit, which I don't
have and which would put me and alot of others out of business. We finally have
something that we can invest in, with
less
risk than the stock market, and now you
will make this unavailable to the average american investor, leaving the trading and
the profits only accessible to the wealthy.
You are going to make Forex trading only accessible to the wealthy and the
large institutional investors. Just another curtailing of our freedoms and my
constitutionial right to "pursue happiness".
I think I am smart enough to know my risks and to make my own decision as to
what kind of risk I want to take. I do NOT need you and the govt trying to "protect
me". which actually is just another restriction on my
right and privilege to invest
and profit..
Do you want us ALL to be on welfare???? You are regulating us to death ......
Please
DO NOT pass this erroneous regulation.
Sincerely,
Joanne Ryser
Peck, IDAHO
