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Comment for Proposed Rule 75 FR 3281

  • From: Philip Khatana
    Organization(s):

    Comment No: 4583
    Date: 1/30/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04583
    From:
    Sent:
    To:
    Subject:
    Philip Khatana
    Saturday, January 30, 2010 12:14 PM
    secretary
    Regulation of Retail Forex
    Attn:
    David Stawick, Secretary
    Commodity Futures Trading Commission
    ID number RIN 3038-AC61
    Dear David,
    I wanted it to be known that the forex market as it currently exists has allowed me to get my feet wet with active trading
    while working a full time job. This is very important to me and others in my position. There are many disclosures that stress
    the dangers of over-leveraging positions. I think these warnings are more than sufficient for any adult who wishes to try his
    or her hand at trading.
    Please keep in mind this rule (about reducing leverage) will limit many dedicated, responsible individuals from having a
    fighting chance of starting a part time business.
    This is dangerous ground - please do not limit my ability to operate a home based business. It is my passion and I can manage
    my own risks.
    All the best,
    Philip