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Comment for Proposed Rule 75 FR 3281

  • From: Felipe Martins
    Organization(s):

    Comment No: 2939
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02939
    From:
    Sent:
    To:
    Subject:
    Felipe Martins
    Friday, January 22, 2010 6:22 PM
    secretary
    Regulation of Forex Market
    My name is Felipe and I'm writing in order to post my comments on new regulations intended by
    CFTC.
    A fair market is the minimal requirement for a healthy and fair trading environment. However, each
    trader must take his own actions in order to prevent being took off the market. He must be allowed to
    trade on his own risk, because anyway, he is not being forced to take any action. And among all actions,
    each trader should be able to determine the leverage he wants use - according to the ones provided by
    the broker. So, restraining the amount of leverage is kind of cutting off freedom of action, thus, going
    against the free will principles guaranteed by the constitution. The way forex market is working
    nowadays in what concerns to this subject, is quite good for everybody, having as a background proof
    the fact that up to now, no one in the world has put any complain on it.
    Sincerely considering you'll take the right actions,
    Felipe.
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