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Comment for Proposed Rule 75 FR 3281

  • From: Sherri Taylor
    Organization(s):

    Comment No: 307
    Date: 1/18/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00307
    From:
    Sent:
    To:
    Subject:
    Sherri Taylor
    Monday, January 18, 2010 10:08 AM
    secretary
    Regulation of Retail Forex
    I have always been a believer in the government and its intent until recent months. And now, I read that there is a push to
    limit retail account leverage on Forex to 10:1. While I could likely write a dissertation on the subject, I will simply say that
    limiting leverage is taking away the ability of the average joe, who is willing to study and work hard, to have their piece of
    the American dream - financial security. People can gamble their money away in casinos without someone standing over
    them dictating what they can risk. As an adult, it should be my choice, as long as I am made full?" aware of the consequences
    of said actions. While I support having institutions be registered, the rest of the currency market trading rules and limits
    should be left as-is.
    Thank you for your time and consideration.