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Comment for Proposed Rule 75 FR 3281

  • From: Luis E Ruiz
    Organization(s):

    Comment No: 5343
    Date: 2/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05343
    From:
    Sent:
    To:
    Subject:
    luis esteban ruiz
    Friday, February 12, 2010 11:31 AM
    secretary
    regulation retail forex RIN3038-AC61
    good evlening, i write to yourseves because i am not in agreement whit this new regulation, because it a
    rule anti free market as long as the minimun opening amounts and optimum level of leverage continues
    the us brokers will be competitive, remember whit the fifo rule many traders moved their accounts to
    australia and europe moreover, in the emergin markets people have been penetrating in the capital
    markets, because in this countries like mine, you must be rich to participate in the stock market, and a
    person can do short selling, and the transaction cost are expensive,so in some contries people are starting
    to watch forex as a new fount of earnings, and a accsesible fount of investement, and so many as a new
    way of work, and people are starting to understad to not invest whit scary money, so like economist says
    this new rule will not be eficient in terms of suply and demand laws i mean there will be a movement in
    the equilibrium point
    for paying attention thank you wery much