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Comment for Proposed Rule 75 FR 3281

  • From: John Welch
    Organization(s):

    Comment No: 2431
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02431
    From:
    Sent:
    To:
    Subject:
    John Welch
    Friday, January 22, 2010 2:59 AM
    secretary
    Regulation of Retail Forex
    Sir:
    RE:
    RIN
    3038-AC61
    Over and over we hear the administration/government representatives claim they want a strong dollar.
    Then CFTC thinks changing leverage in US accounts is a good idea. Don't you realize this only drives
    US dollars overseas and out of the country thus weakening the dollar even more? My money left when
    NFA went to FIFO and 100:1 leverage. Now you want to go to 10:1. What are you people thinking?
    Sincerely,
    John Welch