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Comment for Proposed Rule 75 FR 3281

  • From: Mohd S Bhuiyan
    Organization(s):

    Comment No: 4620
    Date: 1/30/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04620
    From:
    Sent:
    To:
    Subject:
    Mohd Bhuiyan
    Saturday, January 30, 2010 9:18 PM
    secretary
    Regulation of Retail Forex
    ID- RIN 3038-AC61
    This message is to let CFTC know that the proposed leverage change is
    unfair to individual traders of limited means and also to retail brokers who
    are honest. Traders should be allowed to make their own decisions about
    how much leverage to trade with. Even the recent 100:1 limit was unfair.
    There is hardly any leverage in the stock market and yet people are still
    losing money. Should we close down the stock exchanges as well?
    People lost money buying houses. Let's regulate that too. Let's not risk
    any money in anything, and see where the economy goes. If you wish to
    regulate, please help avoid scam artists and dishonest brokers, if there
    are any in the US.
    Thank you for your co-operation,
    Mohd Serajul Bhuiyan