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Comment for Proposed Rule 75 FR 3281

  • From: Joe Gagnon
    Organization(s):

    Comment No: 3644
    Date: 1/24/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03644
    From:
    Sent:
    To:
    Subject:
    Michael Licari
    Sunday, January 24, 2010 10:55 PM
    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
    fiYITIS.
    Thank you for the consideration,
    Joe Gagnon
    5320 N Sheridan Rd. #2509
    Chicago, IL 60640
    773-561-6682
    [email protected]