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Comment for Proposed Rule 75 FR 3281

  • From: Donald Allen
    Organization(s):

    Comment No: 5597
    Date: 2/26/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05597
    From:
    Sent:
    To:
    Subject:
    Donald Allen
    Friday, February 26, 2010 9:50 AM
    secretary
    Regulated Retail Forex
    US markets are already "overly" regulated and this (forex) is an international OTC market that begs for the US
    regulators to STAY OUT OF THE WAY! Please you've done more than enough already in other markets, and it
    shows! This market poses no threat to US market stability and the risk are well known and documented to those
    who chose to participate in OTC forex trading. If this market is too leveraged and risky for some then they have the
    option to trade currencies at the CME where you (CFTC) have regulations in place to safe guard this group...
    With that said I ask that you PLEASE let the brokers decide what is the appropriate leverage to extend to it's
    clients.
    Thank you,
    Donald Allen