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Comment for Proposed Rule 75 FR 3281

  • From: Mike Woodside
    Organization(s):

    Comment No: 4570
    Date: 1/30/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04570
    From:
    Sent:
    To:
    Subject:
    Mike Woodside
    Saturday, January 30, 2010 9:13 AM
    secretary
    Regulation of Retail Forex
    Dear Mr. Secratary,
    While I could careless about the forex companies and their potential losses, I would, as an individual
    forex trader, like to state my dissapproval of such an extreme measure as a 10:1 margin. While I do
    agree that it is necssary to protect most retail traders from them selves, it is also necessary to allow
    people like me, who does not have alot of money to invest, to be able to explore these avenues for
    possible financial independance.
    So, please do not implement rule R1N 3038-AC61 as it is written. Consider the rest of us.
    Thank you kindly
    Mike Woodside