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Comment for Proposed Rule 75 FR 3281

  • From: K J Zinchak
    Organization(s):

    Comment No: 167
    Date: 1/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00167
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Saturday, January 16, 2010 10:27 AM
    secretary
    "Regulation of Retail Forex"
    Subj: RIN 3038-AC61
    Dear Secretary:
    Respectfully request current Foreign Exchange (FOREX) leverage requirements of 100:1 remain in effect
    and/or give active traders the right to select leverage options based upon traders' comfort zone. As a
    bare minimum, CTFC should grandfather future regulations exempting current experienced traders who
    have traded for no less than two (2) years.
    Each and every licensed broker within the United States clearly displays on their web pages the risks
    associated with trading the FOREX markets and emphasizes each trader should understand and must
    use proper risk management before entering into any contract. No amount of regulation will prevent
    those from being careless and irresponsible, so why punish the rest of us.
    9
    Respectfully,
    KJ Zinchak

    From uploaded file 167_---- - Copy.txt:

    1/4/2010 3:55:29 PM... 23 change(s) to BPAC list.
    1/4/2010 4:02:59 PM, True... 23 change(s) to BPAC list.