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Comment for Proposed Rule 75 FR 3281

  • From: YaoWeng Gao
    Organization(s):

    Comment No: 6429
    Date: 3/6/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06429
    From:
    Sent:
    To:
    Subject:
    Yao Weng Gao
    Saturday, March 6, 2010 8:44 PM
    secretary
    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
    YaoWeng Gao
    03/05/2010
    http://cn, mail .yahoo. com