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Comment for Proposed Rule 75 FR 3281

  • From: Paul L Sloop
    Organization(s):

    Comment No: 6940
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06940
    From:
    Sent:
    To:
    Subject:
    Paul Sloop
    Friday, March 12, 2010 7:48 PM
    secretary
    Regulation of Retail Forex - Forex Leverage Rules
    To Whom It May Concern,
    I am strongly opposed to any changes in the current Forex leveraging requirements as proposed in
    RIN 3038-AC61.. I have worked for years to learn how to appropriately trade in these markets and the
    changes being considered would have dire consequences on my business and my families financial
    future. It seems unfair in every conceivable way to once again punish those who have not reached a
    status of wealth that would allow us to overcome these possible changes. It seems quite ridiculous that
    every time we get a new rule that is designed to protect our economy and the working class citizens of
    our nation, that the opposite is what occurs. Banking and credit card changes have created higher fees,
    much higher interest rates, and less access to needed capital for the working class while not affecting
    those with greater means, but the new laws were designed for who? The working class we are told.
    Please don't fall prey to this ridiculous political notion and allow those of us who aren't exactly wealthy
    to continue to trade and compete in these markets. Fair is fair and this will not in any way be fair.
    Respectfully,
    Paul L. Sloop, Jr.
    9492 Timberidge Ct.
    Mentor, OH 44060