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Comment for Proposed Rule 75 FR 3281

  • From: Jing
    Organization(s):

    Comment No: 1482
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01482
    From:
    Sent:
    To:
    Subject:
    jing
    Thursday, January 21, 2010 2:00 AM
    secretary
    Regulation of Retail Forex, R1N 3038-AC61
    I very strongly OPPOSE any regulation that would subject the leverage in retail customer accounts to a
    limit of 10:1. I should have the freedom and right to choose the amount of leverage based on my
    personal level of trading skill and the amount of risk that I'm comfortable with.
    There will always be traders who are irresponsible and too lazy to get the proper education first before
    trading with real money. Allow the forex market to teach them a lesson and let them suffer the losses
    they deserve. The government should stop trying to protect these traders from themselves while
    trampling on my rights in the process.
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