Comment for Proposed Rule 75 FR 3281
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From:
James Morra
Organization(s):
Comment No:
2632
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02632
From:
Sent:
To:
Subject:
Jim
Friday, January 22, 2010 11:06 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear Mr. David Stawick,
I think it is the responsibility of every trader to understand the concept of leverage before starting to
live trade. For many retail traders who have worked arduously to acquire the skills of forex trading,
leverage gives them the possibility to access and profit from the Forex market. It would be a terrible
injustice to impose this new CFTC rule as this would kill the hard work and passion of these traders
and destroy the U. S Forex industry.
Limiting leverage to novice traders is a great thing. Limiting leverage to ALL traders is horrible.
Regards,
James Morra
