Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: David Prince
    Organization(s):

    Comment No: 4801
    Date: 2/2/2010

    Comment Text:

    i0-001
    COMIvIENT
    CL-04801
    From:
    Sent:
    To:
    Subject:
    David
    Tuesday, February 2, 2010 7:46 PM
    secretary
    Regulation of Retail Forex, R1N3038-AC61
    To David Stawick
    Secretary, Commodity Futures Trading Commission
    I am very much opposed to that portion of the new regulation that reduces the leverage offered by forex
    brokers from 100:1 to 10:1. I think this is just an attempt to stop small investors from making any
    profits in the forex market. And the influence behind this effort is probably coming from international
    bankers who want to keep more of the profits from this market for themselves.
    If this requirement is imposed on small investors like myself I will do everything I can in the next
    election to support the Republican Party.
    David Prince
    Downey, California