Comment for Proposed Rule 75 FR 3281
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From:
Phil N
Organization(s):
Comment No:
993
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00993
From:
Sent:
To:
Subject:
[email protected]
Wednesday, January 20, 2010 2:16 PM
secretary
Regulation of Retail Forex
Secretary:
On a personal note if this does pass, myself along with 1000's of others who work for a forex firm in the US will lose their
jobs as customers will be forced to take their monies/trading overseas. Our firm is very conservative and do not allow and
have never allowed anything over 100:1 leverage. We have a very stringent risk department and have complied with
everything posed on us ever to stay in business and keep our customers happy and trading in the US. This drastic reduction
in leverage would also cause several 100's of thousands traders who trade for a living to essentially lose their job also. I am a
family man, married with 2 kids and a home to support and I would be out of job overnight if this passes.
Thank you for taking the time in reading my conerns, although personal in nature, into consideration.
Best,
Phil N.
