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Comment for Proposed Rule 75 FR 3281

  • From: Harry Smallwood
    Organization(s):

    Comment No: 4486
    Date: 1/29/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04486
    From:
    Sent:
    To:
    Subject:
    Harry Smallwood
    Friday, January 29, 2010 6:47 PM
    secretary
    Regulation Of Retail Forex
    1/29/10
    I am opposed to the attempt to increase the margin requirement as proposed by the CFTC.
    Raising the minimum to 10 percent would drive me out of the Forex retail market since such an increase
    would require a margin beyond what I can afford.
    More government control is not needed, and I heartily suggest that this proposal if passed, will force the
    Forex marketplace to shut down with the loss of hundreds, if not thousands of jobs.
    Just what our economy doesn't need, more government control over the financial business of the United
    States of America!
    HANDS OFF !
    Harry Smallwood
    GFT Forex retail customer.
    [email protected]
    I.D.: RIN 3038-AC61