Comment Text:
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COMMENT
CL-02862
From:
Sent:
To:
Subject:
Rebecca Johnson
Friday, January 22, 2010 4:45 PM
secretary
Regulation of Retail Forex - 10:1 leverage proposal is too dramatic. I vote NO!
Greetings,
I am a retail forex trader and want to comment on the proposed new regulations. First of all, I
understand the need for certain consumer protections. However, the 10:1 maximum leverage portion of
the proposal is way too dramatic!! This will drive myself and many others out of the forex market all
together. The forex market has enabled many of us the opportunity to diversify our investment
strategies. Please DO NOT put this portion of the regulation into operation.
Please do not do anything
that will limit the small guy trying to make some $. It's not fair - corporations will still be able to
profit from the foreign exchange, but not us.
Thanks for your consideration,
R. Johnson
Arizona
