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Comment for Proposed Rule 75 FR 3281

  • From: Mark J Byron
    Organization(s):

    Comment No: 4626
    Date: 1/30/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-04626
    From:
    Sent:
    To:
    Subject:
    mj amesb
    Saturday, January 30, 2010 10:48 PM
    secretary
    Regulation of Retail Forex
    Attention Mr. Stawick,
    It has come to my attention that the CFTC may again increase the margin requirements in the US Forex Market. I would
    like to voice my opinion that I oppose this regulation. If this were to pass it would put trading in the Forex market out of
    reach for most retailers like myself. I would be forced to try and find an offshore trading account or get out of the market all
    together. I fully understand the risks that I take while trading in the Forex market and that I am a minnow amongst sharks.
    However, I believe that the risk is mine to take and I do not seek the protection of any additional regulation of margin
    requirements.
    Please consider the impact this regulation would have on the retail traders in the United States and leave the margin
    requirements as they currently stand.
    RIN 3038-AC61
    Sincerely,
    Mark J Byron