Comment Text:
i0-001
COMMENT
CL-05822
From:
Sent:
To:
Subject:
sayeed chowdhury
Wednesday, March 3, 2010 9:47 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
To Whom it May Concern:
Recently, I heard that the leverage on my forex account may be reduced from 100:1 to 10:1. I
want to STRONGLY say NO to the proposed legislation.
I believe maintaining a 100:1 leverage ratio is essential for the functioning of the currency markets
in the US. If the leverage ratio is reduced, I will move my currency account to the UK or to
Singapore. THe net result will be a decrease in the taxes paid inside the US.
That result, will not benefit anyone.
Thank you for patiently reading my email.
Sayeed Chowdhury.
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