Comment Text:
i0-001
COMMENT
CL-08923
From:
Sent:
To:
Subject:
[email protected]
Monday, March 22, 2010 11:22 PM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Monday, March 22, 2010 at 23:21:59
commenter_subject: Regulation of Retail Forex
commenter_frdate: January 20, 2010
commenter_frpage: 3282
commenter comments:
I am writing regarding the proposed
margin rule changes for retail traders. I will keep
this short as I 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 to 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 thei0-001
COMMENT
CL-08923
proposed role change.
commenter name: Robert Starrett
commenter ~vithhold address on: ON
commenter addressl: 760 Albion Street
commenter_city: Denver
commenter state: Colorado
commenter zip: 80220
commenter~hone: 303-733-5075
