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Comment for Proposed Rule 75 FR 3281

  • From: Mark Jackson
    Organization(s):

    Comment No: 6951
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06951
    From:
    Sent:
    To:
    Cc:
    Subject:
    Mark Jackson
    Friday, March 12, 2010 7:54 PM
    secretary
    [email protected]
    'Regulation of Retail Forex'
    RIN 3038-AC61
    Secretary of
    CFTC,
    The proposed regulation "leverage in retail Forex customer accounts would be subject to a 10-to-1
    limitation," which means 10:1 leverage would be the maximum amount allowed for Forex traders in the
    I, and most likely, nearly all retail forex customers will not continue to trade in the USA if this regulation passes,
    just more jobs and money moving out of the US...and I would like to know why? Is it because it's easier to
    regulate if you have nothing to regulate?
    This should not be allowed to pass and now you have one more US citizen telling you so.
    Regards,
    Mark