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Comment for Proposed Rule 75 FR 3281

  • From: Dallas Jaeger
    Organization(s):

    Comment No: 1343
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01343
    From:
    Sent:
    To:
    Subject:
    Dallas Jaeger
    Wednesday, January 20, 2010 11:06 PM
    secreta ry < secreta ry@ C FTC. g ov >
    Regulation of Retail Forex
    To Whom it may concern,
    I have been trading Forex for the past two years now. It is my right to purchase another country's
    currency with my own money. WhetherI buy it outright, or go through a Forex broker yields the
    same result. The only difference is that with a Forex brokerI am able to use leverage. I am able
    to determine how much money the broker will loan me based on what is appropriate for my own
    trading strategy. What gives you the right to determine the amounta broker can legally loan me?
    Also, you are only punishing the little people. The rich have plenty of equity and have no need for
    leverage. It is all the small accounts that you will squash. This is not the America I know. I hope
    it is not the America you want!
    Dallas Jaeger
    Hotmail: Trusted email with Microsoft's powerful SPAM protection.
    Siqn up now.