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Comment for Proposed Rule 75 FR 3281

  • From: Scott Barkley
    Organization(s):

    Comment No: 270
    Date: 1/17/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00270
    From:
    Sent:
    To:
    Subject:
    scott.barkley@gmail, com
    Sunday, January 17, 2010 9:02 PM
    secretary

    Public Comment Form
    Below is the result of your feedback form. It was submitted by
    ([email protected]) on Sunday, January 17, 2010 at 21:02:02
    commenter_subject: 2008 Farm Bill,~
    commenter_frdate: January 13, 2010
    commenter_frpage: Act of 2008, Pub. L.
    commenter_comments: Changing the leverage in the Retail market from
    100:1 to 10:1 is very shortsighted. Scams in the
    Forex are perpetuated by unscrupulous people who
    take possession of other people's money and use it
    for their own use. Leverage at 100:1 does none of
    this and is not a protective measure at all, buy a
    predatory form of government intervention. If
    leverage is changed to this level you will affect
    literally 100's of thousands of jobs that currently
    exist in the Forex as well as force, the
    significant capital that is invested in this market
    to overseas accounts which will not help the
    economy, increase unemployment, run thousands of
    USA based business out of business onshore and
    create a flight of money to offshore Brokers. None
    of the above makes any sense.
    commenter_name: Scott Barkley
    commenter withhold address on: ON
    commenter addressl: 2405 Donner Path
    commenter_city: Round Rock
    commenter state: TX
    commenter_zip: 78681
    commenter~ohone: 512-826-1114