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Comment for Proposed Rule 75 FR 3281

  • From: Leo Michael
    Organization(s):

    Comment No: 6103
    Date: 3/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06103
    From:
    Sent:
    To:
    Subject:
    Leo Michael
    Friday, March 5, 2010 10:11 AM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Can Uncle Sam please stay out of my forex trading please. Man, this is one of the last places where Mr
    Government from Washington hasn't intruded in my life and you want to take that too? This feeling that
    Big Brother Washington knows what is best for traders is just plain disgusting. Why reduce the
    flexibility I have of trading with 100:1 leverage. Why do you want to take away this right from me.
    These proposed regulations will eliminate the forex trading opportunity for many individual traders like
    me. And those wishing to trade forex with any meaningful leverage would have to seek alternatives
    outside of the United States that are more business friendly than the United States IF THIS
    REGULATION GOES THROUGH.