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Comment for Proposed Rule 75 FR 3281

  • From: Josh Kinard
    Organization(s):

    Comment No: 519
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00519
    From:
    Sent:
    To:
    Subject:
    j osh kinard
    Tuesday, January 19, 2010 12:15 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    I am COMPLETELY AGAINST the CFTC lowering the amount of leverage on retail forex accounts. Currently I have 100:1
    leverage with my broker GFT Forex, and with only 10:1 leverage I would not be able to trade and make the same amount of
    money and provide an income for my family
    This directly affects me and ten of thousands of other retail forex traders who trade forex to provide income
    for our
    families!
    DO NOT lower the leverage to 10:1. I express my opinion strongly against the Regulation of Retail Forex Rin 3038-AC61
    Thank you,
    Josh