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Comment for Proposed Rule 75 FR 3281

  • From: Richard Johnson
    Organization(s):

    Comment No: 6989
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06989
    From:
    Sent:
    To:
    Subject:
    Richard Johnson
    Friday, March 12, 2010 8:30 PM
    secretary
    FX TRADER opinion.. Do not change regulation for FX leverage..
    Most trading platforms have margin calculators and do not allow trading to create a debit balance therefore a
    responsible investor will only invest what they are willing to risk in the currency and commodities market.
    Regulation hurts the business owner and therefore hurts the consumer. The world economy needs less regulation
    not more. These rules only hurt business and I can tell you now is not the time.
    Leverage regulation will only hurt the fx industry as a whole. It will not be an attractive or competitive investment
    for the average trader if leverage is reduced.
    Sincerely,
    Concerned Trader