Comment Text:
i0-001
COMMENT
CL-08921
From:
Sent:
To:
Subject:
CDC
Monday, March 22, 2010 11:14 PM
secretary
Regulation of Retail Forex
I am writing regarding the proposed margin rule changes for retail traders. I will keep this short as expect you
have gotten much comment.
Like many others, in this recession, I have no work and no benefits as I am self-employed. My business is almost
non-existent anymore because of the recession. Luckily, I am able to support myself because I am proficient at
trading the foreign exchange. I don't make a lot, I don't have a big account, but I get by. If this rule goes into
effect, I am out of business. I, like many others, cannot trade anymore if these requirements go into effect. I don't
have the capital. You would be taking away what little I have left to count on as income. Those who have
benefited from the abuses that we have seen on Wall street can continue and I would be out of the market, out of
work and out of money, like so many others.
I hardly think it is appropriate in these economic times to take away the opportunity of so many to make at least
some income. You will be driving me out of the market, you will be driving business away from U.S. firms to
overseas firms. The last time I checked, my broker had 10 job openings posted on their web site. I suspect that
this applies is true of other U.S. brokers as well.
It is a bad idea when the economy is as it is today. Please consider this as you consider the proposed rule
change.
I would request that my address and phone number not be published.
Sincerely,
Robert Starrett
760 Albion Street
Denver, Colorado 80220
303-733-5075
