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Comment for Proposed Rule 75 FR 3281

  • From: Joseph Clark
    Organization(s):

    Comment No: 6895
    Date: 3/12/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-0 68 95
    From:
    Sent:
    To:
    Subject:
    Joseph Clark
    Friday, March 12, 2010 7:20 PM
    secretary
    Regulation of Retail Forex'
    It is absolutely absurd to reduce leverage to the proposed amounts. Firstly, any decent currency trader
    knows how to use leverage responsibly. Leverage has no impact on risk, if traded properly. Without
    significant leverage all forex business will leave the US, and the wealthy people involved with soon
    follow. This is another terrible decision, being made with the attempt take risk out of investing. Leave
    forex alone!