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Comment for Proposed Rule 75 FR 3281

  • From: Rod
    Organization(s):

    Comment No: 4699
    Date: 1/31/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-04699
    From:
    Sent:
    To:
    Subject:
    Rod
    Sunday, January 31, 2010 11:33 PM
    secretary
    'Regulation of Retail Forex'
    To Whom it may concern:
    I am NOT in agreement with limiting Forex trading in the U.S. at a level of i0-i
    leverage as stated in
    RIN3038-AC61.
    This creates in unfair advantage to Non-U. S. traders who can choose any leverage there broker offers.
    This will also force U.S. traders to move there accounts abroad to brokers who offer the leverage they
    choose to trade with. This is not a good situation for the U. S. Economy.
    The U.S. Forex trader is a very educated trader and therefore should be allowed the
    freedom to trade the leverage that best suits is trading style and risk appetite.
    thank you for your consideration of these comments in defeating or revising
    RIN
    3038-AC6]
    Forex Trader,
    Rod