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Comment for Proposed Rule 75 FR 3281

  • From: Andres Harnandez
    Organization(s):

    Comment No: 33
    Date: 1/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00033
    Sent:
    To:
    Subject:
    Andres Hernandez
    Thursday, January 14, 2010 6:48 PM
    secretary
    Regulation of Retail Forex
    We little people that is "the retaill forex investor" have a voice too. Reducing leverage to 10:1 will not decrease risk
    exposure as investors will be required to be required to in fact risk more instead of opening $1,000 accounts they
    will be opening $15,000 accounts to lose more money. It pushes out the small time investor that wishes to make
    money trading Forex. Not anyone has $15,000 readily available. Putting a cap is interference with the free market
    system and capita sm. You are telling the investor how to invest their money. The first steps toward communism.
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