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Comment for Proposed Rule 75 FR 3281

  • From: Joe Van Notric
    Organization(s):

    Comment No: 5073
    Date: 2/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05073
    From:
    Sent:
    To:
    Subject:
    Joe Van Notric
    Friday, February 5, 2010 7:57 PM
    secretary
    Regulation of Retail Forex
    I am writing to respectfully protest the proposal to change the leverage requirements in the US
    retail forex market. While I understand that increasing the required margin levels might restrict
    losses on an individual trade, overall this could adversely affect my account overall by not allowing
    me to stay in a trade when it goes against me. I would rather be able to set my own stops, and
    control my own risk level, without regulations limiting me to this degree. I am not placing large
    amounts of money at risk, and do not plan to take un-necessary risks. I urge you to not revise the
    current regulations, as I believe they are not in our best interests, nor the markets best interests.
    Thank You.
    Joe Van Notric
    Burlington, WA