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Comment for Proposed Rule 75 FR 3281

  • From: Stephen Leahy
    Organization(s):
    Back Bay FX Services LLC

    Comment No: 94
    Date: 1/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00094
    From:
    Sent:
    To:
    Subject:
    Stephen Leahy
    Friday, January 15, 2010 2:20 PM
    secretary
    FW: Trade with the top traders in the world. Completely Automated!
    I sent a letter regarding the proposed 10:1 leverage changes earlier. I specifically noted that the CFTC and NFA
    SHOULD be going after the firms that are not registered.
    Here is an example of one ...............
    Stephen Leahy
    Tel: 617.357.6100
    Fax: 617.357.5100
    Web: htt p://www.backbayfx.com
    E-Mail: sleahy@backbayfx.com
    Skype: Backbayfx
    Back Bay FX Services, LLC
    425 Boylston Street, 2nd Floor
    Boston, MA 02116
    This electronic transmission, including all attachments, is directed in confidence solely to the person(s) to whom it is addressed, or an authorized
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    Back Bay FX Services, LLC, unless otherwise indicated by an authorized representative. BBFX's e-mail system is for business purposes only. All e-
    mail may be reviewed by authorized personnel, and may be provided to regulatory authorities or others with a legal right to access such information.
    Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced
    investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully
    consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose. Back Bay FX Services,
    LLC is a registered NFA member (0388617)
    From: Forex Trading (SSFX) [mailto:info@powerforextraderl.com]
    Sent: Friday, January 15, 2010 2:09 PM
    To: Stephen Leahy
    Subject: Trade with the top traders in the world. Completely Automated!
    Attention Forex Traders and All Other Investors!!
    SummerStreet FX is a Forex Brokerage firm, during 2009 we have obtained
    trading rights to execute trade signals for over 100 trading systems from some
    of the top forex traders in the world!! For the first time ever we are offering
    some of our most consistent trading programs to retail investors!!! These
    trading systems are completely hands off for investors; all trades are executed
    by us on your behalf.
    Here are three featured systems for this month:
    ¯ 3oe Gelet- This is our most conservative trader and system, 3oe runs an
    automated trading system that has never seen a drawdown greater thani0-001
    COMMENT
    CL-00094
    7%, he was recently featured in Futures Magazine for his consistency in
    the forex market picking up a minimum of 40% every year for the last five
    years!!! In the last three months he has seen more thana 50% gain.. Click
    here to see his live track record.
    ¯ Sea-1 is traded by a trading group out of Japan. Averages about 3 day
    trades per session, with a max risk of 12% to the investor. Here is a
    breakdown of their trading system.
    Client referrals are available. This
    system targets 100-250% annually.
    ¯ Steptronic- Steptronic is a pivot point trading system executed manually
    in house, following the trading methodology seen here.
    This was strictly
    institutional until the first of January, and now we are opening it up to 10k
    plus investments. Account statements and client referrals are available
    upon request. This system stays in a risk parameter of 20% , and we have
    seen average investors net return of over 5% per month with potential of
    up to 35% +a month
    For more information, contact us at
    SummerStreetFX: 617-488-2200
    For the month of January we are welcoming retail investors to trade these
    systems or discuss with our brokers about any other systems we have
    obtained rights for to be auto-executed on their behalf. The best part .... there
    are no upfront or monthly fees to trade these systems, and any investor who
    invests in one of our featured systems this month will receive a 10%
    incentive!!!! This means we will match 10% of any initial investment with an
    extra 10% capital to trade!! Do not miss out on this opportunity to work with
    some of the top traders in the United States and the world. Call
    Summerstreetfx to speak with a broker or investment specialist today! 617-
    488-2200 or email us at corporate@summerstreetfx.com
    Risk Disclosures: Summer Street FX, LLC ("SSFX") is not a member of the CFTC and is not a member of the NFA.
    All clients must clearly understand the risks involved with the spot foreign currency exchange (forex) market before opening an account with
    any company that deals in forex. SSFX is committed to educating investors on the risks of investing in the forex market.
    Before deciding to participate in the forex market, you should carefully consider your investment objectives, level of experience and risk
    appetite. There is considerable exposure to risk in any spot forex transaction, including, but not limited to, leverage, creditworthiness,
    limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
    The high degree of leverage in the forex market may work against as well as for you, the possibility exists that you could sustain loss of
    some or all your initial investment and therefore you should not invest money that you cannot afford to lose. Past performance is noti0-001
    COMMENT
    CL-00094
    indicative of future results; you should be aware of all the risks associated with spot forex and seek advice from an independent financial
    advisor if you have any doubts.
    Any opinions, news, research, analyses, prices, or other information contained in this communication, our websites and all our marketing
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    All information contained in this communication, our websites and all our marketing material is subject to change at any time without notice.
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    directly or indirectly through the use in any way by such person of such information, however such loss occurs whether financial or
    otherwise.
    Summerstreet FX is a Forex Brokerage firm, during 2009 we have obtained trading rights to execute trade
    signals for over 100 of the top forex traders in the world!! For the first time ever we are offering some of our
    most consistent trading programs to retail investors!!! These trading systems are completely hands off for
    investors; all trades are executed by us on your behalf. Here are three featured systems for this month:
    ~-~: ....~i.~:~i:',:.~x['.:.{i:':i::.. ::::::i ::
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    ~i~.:i!::!>.-$.ig~.~ii~i:~i:~i?i~!:~i;i!!~ii¢ii: 71 Summer Street, 2nd Floor Boston, MA 02110 United States
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