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Comment for Proposed Rule 75 FR 3281

  • From: Patrick O Colturi
    Organization(s):

    Comment No: 3805
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03805
    From:
    Sent:
    To:
    Subject:
    Patrick O Colturi (pcolturi)
    Monday, January 25, 2010 3:23 PM
    secretary
    To whom it may concern:
    This is Patrick Colturi and I am a currency trader and strongly disagree with the new rules and regulations on wall st is it our
    fault that the poor can't comprehend forex.
    Any way I feel that it should be leveraged 200:1 but also feel that it does not matter. If we are dollar for dollar or closer to
    dollar for dollar the United States will fall behind because no one understands what really needs to be done. Good Luck
    CFTC on your absurdity and why don't you hire more people to make things more difficult for the Good old U.S. I wish I
    could move to London and trade 200:1 Any way you look at it dollar for dollar 10:1 50:1 100:1 200:1 It does not matter its
    our money right or wrong? Or did the U.S leverage to much just trying to get an understanding. Did the forex world
    leverage houses and is this the reason for deleveraging.