Comment for Proposed Rule 75 FR 3281
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From:
Robert G Steele
Organization(s):
Comment No:
3112
Date:
1/23/2010
Comment Text:
i0-001
COMMENT
CL-03112
From:
Sent:
To:
Subject:
Robert Steele
Saturday, January 23, 2010 1:54 AM
secretary
Regulation of Retail Forex
Your mission statement: The CFTC's mission is to protect market users and the public from fraud,
manipulation, and abusive practices related to the sale of commodity and financial futures and
options, and to foster open, competitive, and financially sound futures and option markets.
How does changing the leverage for Retail Forex protect the public from fraud. Instead this would put a lot of
American's out of business and move more US money overseas.
Broker's already have that covered by stopping out investments. Research this some more please. How many
margin calls were actually made by Us Forex Brokers? I bet if you research it you find not many. Those that were
were dealing with millions of dollars in one investment transaction.
Robert G. Steele
647 W Wolfcreek Rd
Blairsville, GA 30512
