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Comment for Proposed Rule 75 FR 3281

  • From: Johnny Hurst
    Organization(s):

    Comment No: 2190
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02190
    From:
    Sent:
    To:
    Subject:
    Johnny Hurst
    Thursday, January 21, 2010 8:01 PM
    secretary
    Regulation of Retail Forex
    Re:
    RIN 3038-AC61
    The proposal to limit leverage in FOREX to 10:1 is simply ludicrous. The reason small time traders like
    me trade FOREX is strictly because of the 100:1 leverage. If you change it to 10:1 traders like me will
    have to close our accounts and go back to trading stocks. Why fix somethin that isn't broken?
    Johnny Hurst