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Comment for Proposed Rule 75 FR 3281

  • From: Chris S
    Organization(s):

    Comment No: 2317
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02317
    From:
    Sent:
    To:
    Subject:
    Chris S.
    Thursday, January 21, 2010 10:05 PM
    secreta ry < secreta ry@ C FTC. g ov >
    Regulation of Retail Forex
    Including the identification code below.
    RIN 3038-AC61
    From: [email protected]
    To: secreta [email protected]
    Subject: Opposition to Proposed Forex Leverage Change
    Date: Thu, 21 Jan 2010 22:02:07 -0500
    Hello,
    I am writing in response to the proposed change to leverage limits for retail forex traders. As a
    trader I am OPPOSED to such change for a number of reasons. First, individuals trading forex are
    some of the more sophisticated traders and have a solid grasp of risk/reward.
    There are many successful retail forex investors, myself included, who would be adversely
    affected by the proposed change.
    Please do not make the assumption forex traders are ignorant of the risks involved. We are aware
    and we manage our trading accordingly.
    I urge the CFTC to keep the leverage at 100:1.
    Thank you,
    Chris
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