Comment Text:
10-001
COMMENT
CL-01951
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[email protected]
Thursday, January 21, 2010 3:59 PM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first name DHDarden - Tennessee
last name
address1
city Nashville
country United States
us state TN
zip 37211
company
Dear Secretary,
I'm 100% in disagreement of the proposed 10:1 leverage rule for forex trading (RIN 3038-
AC61). This rule is unfair to the individual trader. First there was NFA's anti-hedging then
FIFO and now this. Go after the unregistered but not at the cost of everybody else. The
current rule 100:1 is more than sufficient to allow an individual to make profit and still
minimize risk. Also, a trader has the opportunity to choose different leverage rules if they
want. Let maintain good common sense and not shot from the hip in making this law. Lets
do everything to keep our jobs and our American money in America.
