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Comment for Proposed Rule 75 FR 3281

  • From: David Johnstun
    Organization(s):

    Comment No: 6196
    Date: 3/5/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-06196
    From:
    Sent:
    To:
    Subject:
    Kadie
    Friday, March 5, 2010 12:08 PM
    secretary
    Leverage Proposal for Forex Market
    To whom this may concern,
    The new 10:1 leverage proposal for the forex market should not be placed into effect! I understand that
    you are trying to protect investors because you may have had complaints from people who have said that
    they didn't understand the concept. To that I say, they should have understood that it is a financial
    market that comes with risk. When the market is as uncertain as it has been over the last few years,
    people are very likely to lose money, just as I have. But when the market was more stable, and everyone
    was making money, there is no way that you would hear the complaints that you hear now. I understand
    the financial system is all under tremendous scrutiny and I am sure that it is as well in the futures
    markets as well. But if you pass this proposal it will take the little man out of the running for a chance
    at future success in this market.
    Thank You
    David Johnstun
    (808) 295-7213
    david.j ohnstun@gmaih corn