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Comment for Proposed Rule 75 FR 3281

  • From: Robert E Tillmon
    Organization(s):

    Comment No: 5245
    Date: 2/8/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05245
    From:
    Sent:
    To:
    Subject:
    rtillmoncto
    Monday, February 8, 2010 9:45 PM
    secretary
    Regulation of Retail Forex
    As a long time taxpayer and registered voter I want to go on record
    opposing the the proposed regulation changing the leverage for trading
    forex from 100:1 to 10:1. I really believe this is not in the best
    interest of anyone in the forex trading community.. It will surely
    drive some forex brokerage firms "offshore" and force retail traders to
    open accounts overseas. This can be no good for anyone as more traders
    will be at the mercy of unscrupulous and unregulated brokerage firms
    without regulatory oversight.
    Please consider this with US traders in mind.
    Sincerely,
    Robert E. Tillmon
    McKinney, Tx.