Comment for Proposed Rule 75 FR 3281
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From:
Anthony Smith
Organization(s):
Comment No:
1688
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01688
From:
Sent:
To:
Subject:
ANTHONY SMITH
Thursday, January 21, 2010 10:11 AM
secretary
'Regulation of Retail Forex' R1N 3038-AC61
I feel we the consumer should have freedo~n of choice on the leverage we desire to use and to especially reduce leverage to
10:1 would serverely handicap or dismantle the retail forex market altogether this is a world martket and currently we as
americans are serverely being disadvantage compared to other countries. The overall economy, wi!l 1}~e e}'fected more if this
porposal goes into effect, this would give less money for retail spending because extra money is sitting in an account for
margin coverage only not to cover loss just hinder potential profits. I would vote against this porposal and quickly inform the
retail forex martket it will maintain the current 100:1 leverage.
THANKS,
ANTHONY SMITH
