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Comment for Proposed Rule 75 FR 3281

  • From: Louis Renda
    Organization(s):

    Comment No: 2528
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02528
    From:
    Sent:
    To:
    Subject:
    Louis Renda
    Friday, January 22, 2010 8:58 AM
    secretary
    Regulation of Retail Forex
    This email is in regard to Id# RIN 3038-AC61. This new proposed regulation on retail forex especially
    the reduction of leverage from 100:1 to 10:1 is excessive. If yoou are trying to protect the retail invester
    from themselves, this will not work. You are only making things more difficult for us small guys. I, like
    many other retail traders, am prepared to take my bussiness outside the United States if this regulation
    passes. You are about to hurt the retail trader and the Forex industry in the US. Government stay out of
    the citizens business. We the people will take back this country of ours from out of control government
    which over reacts to everything. LET THE MARKETS BE FREE. Long live the TEA PARTY