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Comment for Proposed Rule 75 FR 3281

  • From: Edward
    Organization(s):

    Comment No: 1342
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01342
    From:
    Sent:
    To:
    Cc:
    Subject:
    PDC
    Wednesday, January 20, 2010 11:02 PM
    secretary
    lBFX.com / Interbank FX ; [email protected]
    RIN 3038-AC61
    Dear Sir/Madam/Ms
    RIN 3038-AC61: Leverage 10:1 max in Forex Tradings in USA:
    Against the idea because it will:
    1/ Harm the inflows of cash funds or valuable assets into USA which at this time is extremely
    needed to shower consumer confidence in the market places and to booster million of job
    opportunities else more home foreclosures prevail;
    2/ Restrict honest forex trading businesses in USA which in turn causes such flight of funds
    out of USA into Europe, Australia, NZ and East Asia, thus making USA looking ridiculously
    "small" though it tries to maintain its world Reserve Currency Status ; and
    3/ The freedom of choices to do business in forex which USA used to capture the world
    imaginations in such magnitude that once seemed inseparable, but it is showing weaknesses and
    and looking frail now.
    Blame and very harshly punish those dishonest rascals in fouled forex businesses and
    transactions in USA and that should fix up the whole issue of misfits in forex trading
    businesses; otherwise US Congress may have to do away with Human Rights activities, entirely
    & globally, not just inside USA.
    Sincerely,
    Edward