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Comment for Proposed Rule 75 FR 3281

  • From: Ryan McLeod
    Organization(s):

    Comment No: 1141
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01141
    From:
    Sent:
    To:
    Subject:
    Ryan McLeod
    Wednesday, January 20, 2010 9:14 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Hi, My name is Ryan and i am a forex trader living in the united states. My bank and a social group on
    the internet I belong to have been abuzz with the proposed leverage limitations that the CFTC have
    proposed. It worries me that the government would like to step in and really limit what I as a trader can
    do. The concept to me is that the government wants to protect us from ourselves and never really let us
    grow, and yes hurt ourselves. How do we learn from our mistakes if we cannot be allowed to make
    mistakes? These are just my opinions and feelings that I would like you guys to know. So just to clarify
    I am against the proposed limitations of forex leverage capping.
    Sincerely,
    Ryan McLeod