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Comment for Proposed Rule 75 FR 3281

  • From: Rand Porter
    Organization(s):

    Comment No: 1676
    Date: 1/21/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-01676
    From:
    Sent:
    To:
    Subject:
    Rand Porter < realestaterand@ hotmail.com >
    Thursday, January 21, 2010 9:53 AM
    secretary < secreta ry@ C FTC. g ov >
    'Regulation of Retail Forex'
    To Wh ore,
    I adamantly oppose the proposal to mandate the leverage of forex accounts to be slashed to 10:1.
    The ability to choose leverage should more than suffice and "protect" any competent trader.
    Making this manditory is just another nail in america's financial coffin. This is obviously being done
    with ulterior motives and will not be "helping" any retail trader's, instead it will force them to do
    business elsewhere, or in many cases not at ALL. The systematic destruction of the retail trading
    markets by "over-regulation", For our own good -is ludicris and obvious. Capitalism truly is dead in
    America.
    ~N 3038-AC6!
    Respectfully,
    Rand Porter
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