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Comment for Proposed Rule 75 FR 3281

  • From: Kurt Girdler
    Organization(s):

    Comment No: 6917
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06917
    From:
    Sent:
    To:
    Cc:
    Subject:
    Kurt Girdler
    Friday, March 12, 2010 7:31 PM
    secretary
    [email protected]
    Proposed regulation of maximum forex leverage.
    To whom it may concern:
    am writing to protest the proposed regulation of maximum forex leverage to 10:1.
    am a foreign investor and hold accounts with 2 different US based forex brokers.
    oppose this proposal for the following reasons:
    ) the USA is supposed to be the home of capitalism! Start treating investors like grown ups instead of children.
    Investment in any arena is for the informed, the educated and the prepared. Anyone who rushes in blindly,
    deserves the outcome, no matter what it may be. Stop behaving like a bunch of communist bureaucrats
    promoting the nanny state! We do not need you.
    2) I, and all my fellow forex traders support the US financial services industry. The moment these proposed
    regulations are confirmed I will begin making arrangements to move my trading activities to another, more
    sensible country. I think you will find that all my fellow traders, both international and American will be racing me
    for the exit. More unemployment - just what the US economy needs at the moment, isn't it?
    Come on guys, prove to me that being left wing bureaucrats & making intelligent decisions are not mutually
    exclusive!
    Regards
    Kurt Girdler
    Forex Trader
    New Zealand
    E: [email protected]