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Comment for Proposed Rule 75 FR 3281

  • From: Lincoln Miller
    Organization(s):

    Comment No: 3210
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03210
    From:
    Sent:
    To:
    Subject:
    Lincoln Miller
    Saturday, January 23, 2010 10:51 AM
    secretary
    Regulation of Retail Forex
    Please remove your consideration of implementation of "10 to 1" leverage for retail Forex traders. I can
    understand the rest of the rules for stopping scam artists, but this particular rule can only be interpreted
    as a malicious assault on those who are not already trillionares. We would like our chance to be
    trillionares too, and, to that end, we must be able to risk what we have for a chance to fund our dreams.
    If some foolish people scream in pain at losing their life savings, they can only look at themselves,
    especially after you close the scam loopholes that allow predation on us little people. With money
    comes responsibility to manage it correctly. If that is not done, then no one deserves to keep it. Let
    those who use correct money management make many times more money, even as the foolish ones lose
    theirs.