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Comment for Proposed Rule 75 FR 3281

  • From: James Pfost
    Organization(s):

    Comment No: 4670
    Date: 1/31/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04670
    From:
    Sent:
    To:
    Subject:
    James Pfost
    Sunday, January 31, 2010 2:47 PM
    secretary
    regulation of retail forex
    From:
    James Pfost [mailto:[email protected]]
    Sent: Sunday, January 31, 2010 12:43 PM
    To:
    '[email protected]'
    Subject: regulation of retail forex
    Are we bothering you because we want to learn how to trade forex?
    I am a beginning forex trader, my problem is not too much leverage but in brokers who make the rules.
    These rules make profits elusive. Now you want to make trades more expensive. Why?
    The opening of the currency markets to small investors gave us hope and now you seem to say its not available
    Anymore.
    My vote is that you do not change leverage requirements but do more oversight of the brokers.
    James Pfost