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Comment for Proposed Rule 75 FR 3281

  • From: Ronald Harrow
    Organization(s):

    Comment No: 5199
    Date: 2/8/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05199
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Monday, February 8, 2010 2:35 PM
    secretary
    Public Comment Form
    Below is the result of your feedback form. It was submitted by
    ([email protected]) on Monday, February 08, 2010 at 14:35:15
    commenter_subject: Regulation of Retail Forex
    commenter comments:
    Once again heavy handed
    government regulation pushes the small guy out of
    business. With the change in margin requirements
    to 10:1 from the current 100:1, only the big boys
    will be able to trade the Forex. Let me remind you
    that it wasn't the little guy, but the big boys
    that got this country into the financial mess that
    we find ourselves. The current 100:1 margin hasn't
    caused any problems and, as they say, if it isn't
    broken, don't fix it.
    I'm also going to be letting my congressman know of
    my opposition to this proposed change. Let me
    repeat, we don't need it and it is a blatant
    attempt to shut out the little guy.
    commenter name: Ronald Harrow
    commenter addressl: 366 Rock Creek Circle
    commenter_city: Vacaville
    commenter state: CA
    commenter zip: 95688
    commenter~hone: 707-359-4909