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Comment for Proposed Rule 75 FR 3281

  • From: Jos Soto
    Organization(s):
    UniversidaddeForex

    Comment No: 695
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00695
    From:
    Sent:
    To:
    Subject:
    rfonsecal @gmail.com on behalf of
    Jose Soto
    Tuesday, January 19, 2010 4:14 PM
    secretary
    Regulation of Retail Forex
    Dear Secretary FTC.
    I am writing just to let you know we are one of the biggest Forex education companies in LAtin
    America.
    We do attract US customers also and we teach the right way to invest in forex. Please consider NOT
    degrading maximum leverage to 10-1
    This will take out a lot of investors in this market, and some people do improve their lifestyle and
    economic status by trading forex.
    The logical thing to do is leave a minimum of 200 to 1 or 100 to 1 due to the fact that some brokers do
    allow 400 or more and this is the real issue. These are the accounts that are lost in a few trades.
    Thank you for taking in account our opinion
    Jos Soto
    President
    UniversidaddeForex.com
    udeforex.com