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Comment for Proposed Rule 75 FR 3281

  • From: Johnathan O'Neal
    Organization(s):

    Comment No: 5704
    Date: 3/3/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05704
    From:
    Sent:
    To:
    Subject:
    Johnathan O'Neal
    Wednesday, March 3, 2010 7:10 PM
    secretary
    Regulation of Retail Forex
    To Whom It May Concern,
    Please do not reduce the leverage amount available to Forex
    traders. A majority of Forex traders, myself included, trade on the side
    in hopes of eventually turning a hobby into a career. Please do not lump
    us in with the rest of the financial market that got out of control last
    year and over regulate us. If this reduction takes place, you will only
    be hurting American based Forex brokers. I know for a fact many traders
    will move their money to brokers in other countries to take advantage of
    a better leverage.
    Johnathan O'Neal