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Comment for Proposed Rule 75 FR 3281

  • From: Jeffrey M Navon
    Organization(s):

    Comment No: 818
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00818
    From:
    Sent:
    To:
    Subject:
    Jeff Navon
    Tuesday, January 19, 2010 7:53 PM
    secretary
    "Regulation of Retail Forex"
    Dear Sir -
    I strongly oppose the proposal currently set forth by the CFTC to limit leverage offered by US-based brokers to
    10:1. This would severely damage the US brokerage industry and force US-based retail traders to flee the US
    market and trade with, for example, British-based brokers.
    Please do not implement these rules.
    Respectfully submitted,
    Jeffrey M. Navon