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Comment for Proposed Rule 75 FR 3281

  • From: Muhammad Ali
    Organization(s):
    IBFX

    Comment No: 3139
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03139
    From:
    Sent:
    To:
    Subject:
    Muhammad Ali
    Saturday, January 23, 2010 5:16 AM
    secreta ry < secreta ry@ C FTC. g ov >
    Regulation of Retail Forex
    ID # RIN 3038-AC61
    Gentlemen,
    The implementation of the leverage rule for all the forex brokers in the USA is pretty much
    discouraging especially for ordinary, low income investors and young people who are learning and
    experimenting with the forex business. By applying this rule we will no longer enjoy the same
    standard as the five figures investors would. Small amount for higher profits but also open for
    higher risks and losses, it is a fair game, so what is wrong with that?
    Freedom of leverage is the opportunity for the traders like us to have a chance to make our dreams
    come true. If that chance is taken away, then to my knowledge its something like the poorer the
    poorest and richer the richest.
    IBFX Trader
    Muhammad Ali
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