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Comment for Proposed Rule 75 FR 3281

  • From: Matthew Yearling
    Organization(s):

    Comment No: 1451
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01451
    From:
    Sent:
    To:
    Subject:
    Matthew Yearling
    Thursday, January 21, 2010 1 : 11 AM
    secretary
    Regulation of Retail Forex - RIN 3038-AC61
    RIN 3038-AC61
    Dear Secretary, please do not change the current margin requirements to 10:1 for retail
    Forex. All of the people that I work with understand how to manage risk and are use the
    100:1 to their advantage for optimizing cash flow. I fear that this proposed margin
    change would have a dramatic affect on the number of people that would be willing to
    continue to trading Forex and will look elsewhere or potentially move their money to
    other brokerages in other countries. We do not need more government control.
    With respect!
    Matt