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Comment for Proposed Rule 75 FR 3281

  • From: Danny Nelson
    Organization(s):

    Comment No: 7075
    Date: 3/12/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-07075
    From:
    Sent:
    To:
    Cc:
    Subject:
    Danny Nelson
    Friday, March 12, 2010 10:42 PM
    secretary
    [email protected]
    Dear Sir: I think its outrageous and completely unnecessary to limit the leverage of forex accounts to
    10-1 or anything less than what it is currently..I think the high leverage is one of the things that attracts
    people like myself to the forex market. Taking that away would be depriving me of an opprtunity to
    participate in this market. I believe that most people involved in this kind of trading have the
    knowledge and common sense to use stop losses. Limiting the leverage will effectively eliminate the
    forex market from your small independent traders. Please reconsider your position. Thank You Dan
    Nelson