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Comment for Proposed Rule 75 FR 3281

  • From: Thomas Curry
    Organization(s):

    Comment No: 5935
    Date: 3/4/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05935
    From:
    Sent:
    To:
    Subject:
    Thomas
    Thursday, March 4, 2010 8:10 AM
    secretary
    Regulation of Retail Forex
    Sir
    I am adamantly opposed to altering the leverage on the exchanges of the Yen in the foreign exchange market.
    Changing this ratio to 10:1 will preclude me, a small investor, from engaging in trade of this currency, and reserve
    it for the very wealthy or for institutions. This is plainly unfair.
    I have had gains and losses in trading this currency, and am capable of making these decisions and assuming
    what risk I choose. I oppose this arbitrary limit as undue and unnecessary interference into the free market and
    upon my ability to engage in economic activity.
    I wish to repeat that this change will serve no other purposed than to eliminate this opportunity from the small
    investor like myself. If this is the purpose of the proposed change, I question why this is considered a legitimate
    act.
    Thank you.
    Thomas Curry
    Wake Forest, NC
    919 562 9437