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Comment for Proposed Rule 75 FR 3281

  • From: Matthew Davidson
    Organization(s):

    Comment No: 5795
    Date: 3/3/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05795
    From:
    Sent:
    To:
    Subject:
    Matt
    Wednesday, March 3, 2010 9:01 PM
    secretary
    Regulation of Retail Forex
    Hello Secretary,
    I insist that you do not forbid leverage in excess of 10:1. There is
    absolutely no basis for this other than greed on behalf of big banks
    which can operate with unlimited leverage in the forex markets. You
    eliminate the ability of individual investors to participate fully in
    the market, putting individuals at a disadvantage to big banks. I
    realize that you are in business to protect the big banks, but there
    are many more individual investors than there are big banks. Do not
    underestimate us.
    Matthew Davidson