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Comment for Proposed Rule 75 FR 3281

  • From: David A Phelps
    Organization(s):

    Comment No: 581
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00581
    From:
    Sent:
    To:
    Subject:
    David Phelps
    Tuesday, January 19, 2010 1:14 PM
    secretary
    Regulation of Retail Forex
    The proposed change in leverage to 10x (RIN 3038-AC61) is extreme and unwarranted. As a
    Forex trader it is incumbant on me to manage my risk, I don't need the
    government doing it for me. Your proposed changes will destroy to
    retail Forex market taking away the ability to trade from all but the
    largest traders. Leave things the way they are.
    JESUS IS LORD
    David A. Phelps
    3643 Allegheny Loop RD
    Maryville, TN 37803