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Comment for Proposed Rule 75 FR 3281

  • From: Robert Montoya
    Organization(s):

    Comment No: 2101
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02101
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Thursday, January 21, 2010 7:01 PM
    secretary
    Regulation of Retail Forex
    Hello,
    I wanted to submit my personal opinion and objection to changing the leverage for Forex trading from 100 to 1 to
    10 to 1. I do understand that you are attempting to protect the consumer from themselves and over leveraging
    their positions and exposure to the market. However, you are appearing to be trying to purposely eliminate the
    average consumer from this historically private market. If you want to help the consumer then address the real
    issues in the market as Stop Hunting, fluctuating spreads, and price differences among the Dealers.
    Thank you,
    Robert Montoya
    RIN
    3038-AC61