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Comment for Proposed Rule 75 FR 3281

  • From: Min Lu
    Organization(s):

    Comment No: 6426
    Date: 3/6/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06426
    From:
    Sent:
    To:
    (~c:
    Subject:
    Mary Lu
    Saturday, March 6, 2010 8:31 PM
    secretary
    min lu
    Regulation of Retail Forex
    To whom may concern,
    I am here to oppose the new leverage (10:1) since it would be a possible loss to all the traders. I remember there was a
    leverage which has been made in 2009. It was a leverage 200:1 reducing to 100:1. Now, i do not understand how
    government can change the rules/regulations whenever they want. It's not fair to all of the traders who have to face to an
    unfair game. Moreover, from 100:1 to 10:1 is a tremendous change compare to the previous adjustment which is from 200:1
    to 100:1. It could cause the client to lose all the money. By doing so, it doesn't benefit any part of groups, so I don't
    understand the motivation for doing such adjustment.
    PLEASE DON"T DO
    TH I S
    PERSON!!!
    SILLY
    THINGS
    TO REGULAR
    With Best Regards
    Min Lu
    03/05/2010