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Comment for Proposed Rule 75 FR 3281

  • From: Jerry Washington
    Organization(s):

    Comment No: 7738
    Date: 3/15/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-07738
    From:
    Sent:
    To:
    Subject:
    Jerry Washington
    Monday, March 15, 2010 11 : 15 PM
    secretary
    Regulation of Retail Forex
    trading leverage 10:1 will destroy alot of families who trade forex for a living and drive a major finanical lost to the usa.
    Please dont do this. Every new rule that is or will be implemented is great for our protection except for sect 5:9 10:1 leverage
    will kill our ecomony and also futures can have more than 10:1 leverage over retail forex. Futures trading can cause a person
    to lose everything! retail forex you only lose what you put in! Think about this if this 10:1 leverage happens every retail forex
    company will go out of business and this is not what the congressional record wanted.
    Jerry Washington
    laurel MD, 20725
    [email protected], corn