Comment Text:
i0-001
COMMENT
CL-03559
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Attach:
[email protected]
Sunday, January 24, 2010 3:59 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 George
last name Jenkins
address1 7935 US Hwy 60 East
city Morehead
country United States
us state KY
zip 40351-8630
company
I strongly object to the proposed rule changes being proffered by the NFA and CFTC.
Changing the amount of leverage a forex broker in the US could offer to 10-1 will force me to
change brokers to one overseas or stop trading on the Foreign Exchange altogether.
Trading on the Foreign Exchange gives me the opportunity to provide for my famly in the hard
economic times that we are facing now as a nation.
I urge you to not change the leverage offered by US Brokers from 100:1 to 10:1 as it will only
further hurt our suffering economy.
