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Comment for Proposed Rule 75 FR 3281

  • From: Rab Jafri
    Organization(s):

    Comment No: 1288
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01288
    From:
    Sent:
    To:
    Subject:
    Rab Jafri
    Wednesday, January 20, 2010 10:18 PM
    secretary
    SUPPORT LIMITING LEVERAGE
    For too long, these unregulated forex dealers have been taking advantage of customers who do not
    understand leverage. Not even the most sophisticated hedge funds in the world use 100 to 1 leverage.
    Its unimaginable how CFTC has let this run for so long. Over 90% of retail traders fail and this is how
    the brokers make money off them. I FULLY SUPPORT THIS REGULATION!