Comment for Proposed Rule 75 FR 3281
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From:
Dennis Davidson
Organization(s):
Comment No:
951
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00951
From:
Sent:
To:
Cc:
Subject:
Dennis Davidson
Wednesday, January 20, 2010 10:28 AM
secretary
Dennis Davidson
Regulation of retail forex
Dear Secretary
I am a Forex trader and I am using it to suplament my retirement. Please do not take away the 100% leverage.
You will be taking away the income of a lot of people that are now trading the forex because it is an area that you
can start trading with as little as $400.00 and grow it into a good income. It would be a big mistake for the U.S. to
change the leverage to 10%. This would force people to seek accounts overseas and the USA would loose a lot
tax dollars. I am available to discuss this issue with anyone that thinks they need to change this leverage. Please
see my phone numbers below. I hear that one of the reasons for the change is to protect people from loosing
money. I say to you that those people will find another way to loose their money you would not be protecting
anyone. But if that is the reason for change I would say to you do away with the lottery and gambling. Please do
not do this dis-service to the american traders.
Thank you for hearing me.
Dennis Davidson
240 Bonaventure Drive
Salisbury NC 28147
Home Phone: 704.210.8132
Cell Phone: 704.267.6091
