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Comment for Proposed Rule 75 FR 3281

  • From: Paul Staley
    Organization(s):

    Comment No: 4665
    Date: 1/31/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-04665
    From:
    Sent:
    To:
    Subject:
    Paul Staley
    Sunday, January 31, 2010 2:03 PM
    secreta ry < secreta ry@ C FTC. g ov >
    Regulation of Retail Forex
    To Thorn it May Concern and really to David Stawick, Secretary,
    I am a small US investor and hold several small accounts for stocks, bonds, and forex (total under
    $75k). This e-mail is my way of voicing concern over the proposed leverage regulation, ID number
    RIN
    :~0:~8-AC6:[, the CFTC proposes. It is unfair to the little investor who wishes to participate in
    the forex market. The current environment provides me with an opportunity to invest in currencies
    and be on a somewhat equal footing with institutions. Changing leverage will completely disallow
    me from participation in the market based on margin and capital requirements. Is that what free
    markets are about? If the USA is stilla free country then let citizens exercise their own judgment.
    If as a small investor choose to risk his money, then allow him the freedom of choice. Please give
    this e-mail consideration.
    thank you,
    -paul staley - small forex investor
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