Comment for Proposed Rule 75 FR 3281
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From:
Graham Joy
Organization(s):
Comment No:
1963
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01963
From:
Sent:
To:
Subject:
Graham Joy
Thursday, January 21, 2010 4:13 PM
secretary < secreta ry@ C FTC. g ov >
"Regulation of Retail Forex"
Dear Sir/Madam,
I understand there is a proposal currently being discussed and considered, by the CFTC, that
would greatly reduce the leverage rate from 100:1 to 10:1.
I have to say that this from a small investors point of view this would basically make the value of
being involved with Forex trading pointless and I suspect it would be detrimental to the industry as
a whole, as it would preclude many others from wanting to become involved too.
May I strongly urge you to not implement such a policy as one of the key factors in this
investment form is the leverage factor.
Regards,
Graham Joy.
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