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Comment for Proposed Rule 75 FR 3281

  • From: Erik Anderson
    Organization(s):

    Comment No: 578
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00578
    From:
    Sent:
    To:
    Subject:
    Erik Anderson
    Tuesday, January 19, 2010 1:12 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61 Imposing a leverage change from 100:1 to 10:1 would force me to close all my US
    brokerage accounts and move to more brokers in the UK, Austrailia and others over seas. I feel it
    should be up to the individual investor to determine how much risk they are willing to accept
    when trading the Forex market, and not up the the Government to impose such restrictions.
    Please leavee what is already working alone and not force billions of more dollars to get moved
    over seas and cause more job loss when the US Forex brokers will be forced to shut their doors
    when no traders are left with money in the US firms.