Comment for Proposed Rule 75 FR 3281
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From:
Eric Sneed
Organization(s):
Comment No:
2736
Date:
1/22/2010
Comment Text:
io-ooi
COMMENT
CL-02736
From:
Sent:
To:
Subject:
Eric Sneed
Friday, January 22, 2010 2:09 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
To Whom It May Concern:
A recent proposal has been introduced to limit leverage in retail foreign exchange trading to 10-to-
1 in proposal RIN 3038-A(~61. I believe this proposal is heavily unfair and inconsiderate given the
fact that many people rely on income from their personal trading and consider it a fun and
educational experience. These recent limitations serve absolutely no purpose but to hurt free trade
and will do nothing but hinder the people's ability to choose. I believe that, if anything, the CFTC
should allow an option for 10-to-1 leverage in the United States, rather than make it mandatory.
Please take time to consider the many people's lives that will be affected before any decisions are
made. Thank you for your time.
-Eric Sneed
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