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Comment for Proposed Rule 75 FR 3281

  • From: Russ Jensen
    Organization(s):

    Comment No: 4398
    Date: 1/28/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-04398
    From:
    Sent:
    To:
    Subject:
    Russ Jensen
    Thursday, January 28, 2010 6:44 PM
    secretary
    Regulation of Reatail FOREX
    In reference to RIN - 3038AC61, I do not believe that limiting leverage to 100 to 1 will achieve the desired
    results. I believe that Retail traders will just close their American accounts and open accounts in other countries.
    As a retail trader I believe that the warnings, by the CFTC, to all traders in the FOREX are sufficient and are doing
    a good job in deterring speculation with money that traders cannot afford to lose.
    Best Regards,
    Russ Jensen
    [email protected]
    480-786-8595 Direct Line