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Comment for Proposed Rule 75 FR 3281

  • From: Benjamin Schneider
    Organization(s):

    Comment No: 5055
    Date: 2/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05055
    From:
    Sent:
    To:
    Subject:
    Benj amin Schneider
    Friday, February 5, 2010 1:42 PM
    secretary
    Regulation of Retail Forex
    RE: RIN 3038-AC61
    To Whom It May Concern,
    I'd like to voice my concern over the current proposal for the 10:1 leverage change in the
    Forex market. I believe this prospective change would be extremely short sided and is
    entirely unreasonable. It would not protect consumers but I believe it would do the
    exact opposite from what you are trying to accomplish and would drive away business
    from the US to foreign markets. I am a trader in the Forex market and I am also
    employed by a Forex broker, so I am concerned about this rule effecting not only my
    trading, but my bread and butter for my family as well.
    Please take my email into consideration and as we strive to still remain a Republic subject
    to the Democratic majority, please listen to the people.
    Thank you.
    Best regards,
    Ben Schneider
    [email protected]