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Comment for Proposed Rule 75 FR 3281

  • From: Thomas K Thompson
    Organization(s):

    Comment No: 1287
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01287
    From:
    Sent:
    To:
    Subject:
    Tom Thompson
    Wednesday, January 20, 2010 10:18 PM
    secretary
    'Regulation of Retail Forex'
    With regard to the proposed regulation contained in RIN 3038-AC61 stating, "leverage in retail forex
    customer accounts would be subject to a 10-to-1 limitation," I would like to emphatically state this
    is an unacceptable and unfair regulation against the retail trader. This clause MUST be removed from
    this regulation to maintain the freedom and rights of each and every individual who chooses to trade the
    Forex market. Allowing this clause to become a law would be a terrible injustice that only benefits large
    corporations and strikes another blow to private individuals with small accounts.
    Respectfully,
    Thomas K. Thompson
    Individual Retail Forex Trader