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Comment for Proposed Rule 75 FR 3281

  • 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