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Comment for Proposed Rule 75 FR 3281

  • From: Linus Ugonabo
    Organization(s):

    Comment No: 3767
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03767
    From:
    Sent:
    To:
    Subject:
    L1NUS UGONABO
    Monday, January 25, 2010 11:59 AM
    secretary
    [email protected]
    Proposed regulation of retail forex
    I strongly oppose this proposed regulation(RIN 3038-AC61) because you are going backwards to the days of only big banks
    were able to trade forex. Please let ordinary americans choose their risk levels per their means, appetite and trading
    strategy. Passing this regulation will take millions of americans out of the forex
    market.It's worth noting that the maximum Forex retail margin in Europe is 200:1. Shall we move foward instead?
    Thanks
    Linus Ugonabo
    Acct holder
    Forex.com