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Comment for Proposed Rule 75 FR 3281

  • From: Joe Gagnon
    Organization(s):

    Comment No: 3230
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03230
    From:
    Sent:
    To:
    Subject:
    Joe Gagnon
    Saturday, January 23, 2010 11:31 AM
    secretary
    Regulation of Retail Forex
    To Whom It May Concern,
    As a retail Forex investor I recognize the importance of regulation that strengthens industry
    oversight. I agree with policing and regulating the industry, as was Congress' intent when
    empowering the CFTC to create additional rules. However, I don't agree with policies that might
    clearly disadvantage individuals in the United States. Therefore, I strongly oppose the proposed
    changes that would radically lower Forex leverage from 100:1 to 10:1 for all NFA and CFTC
    regulated Forex firms.
    Thank you for the consideration,
    Joe Gagnon
    5320 N Sheridan Rd. #2509
    Chicago, IL 60640
    773-561-6682
    [email protected]