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Comment for Proposed Rule 75 FR 3281

  • From: Amgad Attia
    Organization(s):

    Comment No: 1771
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01771
    From:
    Sent:
    To:
    Subject:
    amgad attia
    Thursday, January 21, 2010 11:39 AM
    secretary
    "Regulation of Retail Forex"
    Dear Sir,
    I
    strongly opposed to lowering leverage to
    10:1.
    this will only result in US business going
    oversees.
    Jobs will be lost as well as tax revenues for the states where these companies operate.
    if you think that reducing the leverage will reduce the risk you are sorely mistaken, we are living in free
    world where people can trade anywhere, if they can't trade in the US, they will simply leave and go to
    the UK or any other entity that will allow them to trade.
    STOP trying to destroy the forex market in the US. you are only hurting the US economy and adding
    more people to the unemployment line.
    please make a decision based on the interest of the US econmoey and not your own agenda.
    forex Trader