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Comment for Proposed Rule 75 FR 3281

  • From: Jack Savage
    Organization(s):

    Comment No: 1233
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01233
    From:
    Sent:
    To:
    Subject:
    Jack Savage
    Wednesday, January 20, 2010 9:51 PM
    secreta ry < secreta ry@ C FTC. g ov >
    'Regulation of Retail Forex'
    RIN 3038-AC61
    Mr. Secretary,
    I am a semi-retired farmer and rancher in West Texas and Eastern New Mexico. I have learned
    that CFTC wants to change the leverage regulation in FXTrading. This proposal will make it more
    difficult for the smaller investor to participate in FX Trading. I know that you are not stupid enough
    to not see this so it is of my opinion that the only reason for the change is to denya lot of us the
    opportunity to participate in the FX market.. My congressman and Senator Kay Hutchison will hear
    about this from me too. It is bad enough that we have a socialists in the White House but now it
    seems we have them all thru the govt. and the bureaucracies that burden our govt. and the free
    market restricting both from working for the people. Leave the leverage quotas as they are.
    Jack Savage
    316 N Soland
    Denver City, Tx.
    79323