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Comment for Proposed Rule 75 FR 3281

  • From: Paul Kirhagis
    Organization(s):

    Comment No: 1138
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01138
    From:
    Sent:
    To:
    Subject:
    Paul Kirhagis
    Wednesday, January 20, 2010 9:14 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Dear sir,
    The proposed regulation of retail forex trading platforms will greatly reduce my livelihood. I have spent many hours
    in study to understand the foreign exchange market and make a good living by trading in it on a daily basis. The
    proposed regulation will greatly reduce the ability of individual traders who have prepared themselves for the
    risk/reward that is associated with the margins in forex trading to effectively manage a profitable portfolio.
    I implore you to choose not to continue with this proposal. I strongly believe that to limit the opportunity that the
    market allows for its traders borders on infringing upon the rights of tax paying Americans such as myself. Thank
    you for your time.
    Paul Kirhagis