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Comment for Proposed Rule 75 FR 3281

  • From: Daniel Yong
    Organization(s):

    Comment No: 3142
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03142
    From:
    Sent:
    To:
    Subject:
    Daniel
    Saturday, January 23, 2010 5:58 AM
    secretary
    Disagree of proposal of new leverage 10:1 on forex trading
    Hi,
    I am a retail forex trader, recently CFTC proposed for new leverage of forex trading to 10:1.
    I strongly disagree of this decision. If this is happen, i not going to trade with CFTC regulated forex
    film. The reason is such leverage was almost impossible to continues to trade for small capital investor
    like us.
    I hope CFTC will re-consider this decision, although trade with non-CFTC regulated film will have
    higher risk, but we have to cause leverage 10:1 making us impossible to continues to trade with CFTC
    regulated film..
    Please take serious consideration.
    Best Regard,
    Daniel Yong