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Comment for Proposed Rule 75 FR 3281

  • From: John Burch
    Organization(s):

    Comment No: 6159
    Date: 3/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06159
    From:
    Sent:
    To:
    Subject:
    John Burch
    Friday, March 5, 2010 11:13 AM
    secretary
    Regulation of Retail Forex
    With respect to *RIN 3038-AC61"
    Please do not change the Forex leverage from 100:1 to 10:1
    It is a waste of my money. (because I have to put more money in the
    account to trade).
    This is NOT anything like the leverage that caused the recent
    economic problem we are all dealing with.
    Forex is not dangerous to the banks that make these loans to us. They
    can close our orders so fast,
    there is no danger to them, only to me and my own account.
    So let me handle my own risk.
    Thank you,
    John Burch