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Comment for Proposed Rule 75 FR 3281

  • From: Albert Scholz
    Organization(s):

    Comment No: 4960
    Date: 2/4/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04960
    From:
    Sent:
    To:
    Subject:
    Albert Scholz
    Thursday, February 4, 2010 9:33 AM
    secretary < secretary@ C FTC. g ov >
    Retail Forex regulation
    I'm a trader. I came over to Forex from the stock market so I could
    1. short-term trade
    2. make more money with good leverage.
    I couldn't do these with the regulations in the stock market! Didn't have $25,000!
    Now I hear the government is going to over-regulate the Forex market too.
    Hey, the lawmakers are always trying to legislate things out of existence.
    or $5000!
    In business, that doesn't work. Remember what "FREEDOM" is? That thing that our country
    FIGHTS for?
    I say, BU-I-I- OUT. The Forex market doesn't need you to squash its action like
    NFA does just fine. I want the opportunities! Leave us alone!
    That means,
    1. Leave the leverage as is,
    2. Leave the required amount of startup cash as is!
    a Dictator. The
    People can start with $25 and little risk, in Forex. So if they Put in big money and lose it, That's
    their priviledge. People have the right to be stupid.
    Just like starting a business. Would you set limits on how people invest in business?
    It's-well- their business! (not yours!)
    Besides, as I said, People can start with such small money that there is little risk.
    So, For your people considering regulating Forexleverage, Isay, Go back and
    1. READ THE CONSTITUTION
    2. CHECK YOUR EGO AT THE DOOR
    3. BU-I-I- OUT
    Thanks
    Albert Scholz
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