Comment for Proposed Rule 75 FR 3281
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From:
John L Thomas
Organization(s):
Comment No:
866
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00866
From:
Sent:
To:
Subject:
John L. Thomas
Tuesday, January 19, 2010 10:49 PM
secretary
CFTC proposed changes in FOREX Leverage
Sir,
I appreciate your interests on restrictions on Forex Leverage. This is not a good thing for me and several others
I know.
The current leverage posture allows individuals to make a living and prosper on a lot less than other processes
require. Changing leverage requirements will serious effect many jobs.
Consider the individuals that make an income trading Forex both directly and indirectly. The proposed changes
won't preclude trading at a higher leveraged rate. We will simply move our accounts outside the auspices of
your organization. So the proposed will destroy jobs here and have the constituency exposed to more risk.
The proposed changes are bad for Americans and bad for America.
Best regards,
John
