Comment for Proposed Rule 75 FR 3281
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From:
Clifford C Emery
Organization(s):
Comment No:
1829
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01829
From:
Sent:
To:
Subject:
C. Emery
Thursday, January 21, 2010 1:09 PM
secretary
'Regulation of Retail Forex'
Dear Secretary,
I would like to state that that the rules change being considered by the CFTC regarding, RIN 3038-
AC61 should be abandoned.
I have been trading Forex for 5 years now and have never traded above 100:1 leverage (one percent).
I trade a small account called a Micro Account. My risk is approximately ten cents (. 10) per pip
(point).
This aspect of trading Forex would be done away with if the CFTC pursues this new, unnecessary,
regulation.
Please accept my plea and concern as a reasonable response from a concerned trader that would like to
continue conducting my small business unencumbered by more government regulation.
Sincerely,
Clifford C. Emery
Hastings, Minnesota
