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Comment for Proposed Rule 75 FR 3281

  • From: Gary Marten
    Organization(s):

    Comment No: 3315
    Date: 1/23/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-03315
    From:
    Sent:
    To:
    Subject:
    Attach:
    [email protected]
    Saturday, January 23, 2010 2:59 PM
    secretary
    Public Submission for 2010-00456
    Public Submission for 2010-00456.zip
    Please refer to the attached file.Please Do Not Reply This Email.
    Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
    Intermediaries:
    Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
    FR Document Number: 2010-00456
    Legacy Document ID:
    RIN: null
    Publish Date: Wed Jan 20 00:00:00 EST 2010
    Submitter Info:
    first_name Gary
    last name Marten
    address1 811681stDrNE
    city Marysville
    country United States
    us state
    zip 98270
    company
    Please...enough with the regulations already.
    A downward change in the leverage rule will damage or destroy my ability to trade Forex.
    Many (if not most) of us got into Forex trading because it gave us the ability to leverage our
    investment capital. This proposed change, if enacted, will once again hurt the regular guy.
    Please try to remember that capitalism is what made this the greatest country on earth. And
    capitalism is all about risk/risk management and corresponding rewards. The move in this
    country to regulate everything is killing this country. Let the markets decide the winners and
    Ioosers...not the regulators.
    G. Marten