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Comment for Proposed Rule 75 FR 3281

  • From: Demarcus Daniel
    Organization(s):

    Comment No: 4527
    Date: 1/29/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04527
    From:
    Sent:
    To:
    Subject:
    Demarcus Daniel
    Friday, January 29, 2010 10:53 PM
    secretary
    Regulation of Retail Forex
    This letter is to voice my opinion concerning proposed changes to margin requirements in retail Forex. I
    believe that the regulations should remain at status quo. The proposal will effectively remove a lot of
    participants that want to participate in the exchange of currencies. I personally consider it an outrage for
    big wigs, and fat cats to deny smaller participant from participating in this great market. We live in
    a capitalistic society, where anyone goal oriented should be able to pursue a better position whether
    wealthy or less affluent. I also see this as an attempted extension of over regulation that we are
    experiencing in this day and age. In my opinion the market will shake out participants that don't belong.
    Let the free market decide.
    Thank you,
    RIN 3038-AC61