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Comment for Proposed Rule 75 FR 3281

  • From: Wade Bonnell
    Organization(s):

    Comment No: 3334
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03334
    From:
    Sent:
    To:
    Subject:
    wbonnell
    Saturday, January 23, 2010 3:43 PM
    secretary
    Regulation of Retail Forex
    Regarding proposed regulation RIN 3038-AC61
    I am a citizen of Canada,so governing how things are done in the states is your business.Unfortunately though
    when legislation is applied in the states it is often not long before it will applied in Canada. I enjoy trading forex and
    strongly feel the current levels of leverage are acceptable and should not be tampered with. If there is fraud in the
    forex market that you are attempting to curtail, please deal with those cases as they arise and do not penalize
    those who trade well within and according to the current set of laws and regulation.Those of us who take trading
    seriously and abide by the systems laws ,accept the risk/reward that the the current leverages provide .WE QUITE
    FRANKLY ENJOY AND ARE WILLING TO TAKE THE RISK TO GET TO THE REWARD.
    Wade