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Comment for Proposed Rule 75 FR 3281

  • From: David Dube
    Organization(s):

    Comment No: 3814
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03814
    From:
    Sent:
    To:
    Subject:
    Attach:
    [email protected]
    Monday, January 25, 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 David
    last name Dube
    address1 PO Box 429
    city Eagle Lake
    country United States
    us state ME
    zip 04739
    company
    I am opposed to the rule change which reduces leverage. The main reason that currency
    trading is an attractive investment vehicle is because you don't need much money to start
    and you can trade with much less risk than with other investment vehicles. If you make any
    more changes, like this current one, you will all but destroy the currency trading business in
    The United States. You will destroy the advantages I stated above. The United States is
    supposed to be the leader in business and innovation, and your actions are destroying the
    reputation of the United States, not to mention the accounts and profits of US citizens, of
    which I am one.