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Comment for Proposed Rule 75 FR 3281

  • From: ryan124511
    Organization(s):

    Comment No: 3229
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03229
    From:
    Sent:
    To:
    Subject:
    ryan124511 @aol.corn
    Saturday, January 23, 2010 l 1:28 AM
    secretary
    Why?
    What is the logic in this?
    As many of you are aware, the U.S. Commodity Futures Trading Commission
    (CFTC) announced on January 13, 2010 that it is seeking public comment on
    proposed regulations concerning retail Forex trading.
    As part of the proposed regulations, it is stated." "leverage in retail forex
    customer accounts would be subject to a lO-to-1 limitation, "which means 10:1
    leverage would be the maximum amount allowed for all Forex traders in the U.S.
    I don't see how this will do anything but kick retail traders out of the game.