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Comment for Proposed Rule 75 FR 3281

  • From: Nelson Seely
    Organization(s):

    Comment No: 1407
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01407
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Thursday, January 21, 2010 12:17 AM
    secretary
    Regulation of Retail Forex
    Dear sirs,
    I don't know why or how you come to the conclusion that you need to get involved in regulating the margin
    requirements of the forex market in the US by changing the leverage from 100-1 to 10-1 thru your RIN 3038-
    AC61 regulation. But you should STAY OUT. You want public opinion response. My response is that
    you should quit medling in the free market and let traders make their own risk decisions. Leave the
    leverage and margin requirements alone. The last thing we need from the government is MORE
    REGULATION THAT TAKES AWAY OUR RIGHTS TO CHOOSE. There, you have my opinion .... for what
    it's worth. But your minds I'm sure are made up by those who want to rule the world and regardless of
    what the public wants you are going to do what you damn well please anyway. And your request for
    public opinion is nothing more than a formality so that you can say that you requested it before
    implementing your ridiculous rule RIN 3038-AC61. NO MORE REGULATIONS
    Nelson Seely