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Comment for Proposed Rule 75 FR 3281

  • From: Leo Michael
    Organization(s):

    Comment No: 6113
    Date: 3/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06113
    From:
    Sent:
    To:
    Subject:
    Leo Michael
    Friday, March 5, 2010 10:20 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 OPEN ACCOUNTS IN BROKERAGES OUTSIDE OF THE UNITED STATES in
    more business friendly nations IF THIS REGULATION EVER GOES
    THROUGH.