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Comment for Proposed Rule 75 FR 3281

  • From: Daniel Kipp
    Organization(s):

    Comment No: 1209
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01209
    From:
    Sent:
    To:
    Subject:
    daniel@kippstudios, com
    Wednesday,
    January 20, 2010 9:41 PM
    secretary

    Regulation of Retail Forex -No, thank you
    Regarding the regulation of the Retail forex market being discussed(RIN
    3038-AC61 ?), I would like to say that you should leave the leverage as it
    is. If you change it, you will force many of the players out. As to the
    worry about the customers being left with a negative balance, I can
    guarantee you that the brokers will "cover their assets" and take you out
    of the game before that, so you won't have to worry about a negative
    balance.
    Thank you for your time on this matter,
    Daniel Kipp
    7140 Ashburn Street
    Houston, Texas 77061