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Comment for Proposed Rule 75 FR 3281

  • From: Chris Clements
    Organization(s):

    Comment No: 7226
    Date: 3/13/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07226
    From:
    Sent:
    To:
    Cc:
    Subject:
    Chris Clements
    Saturday, March 13, 2010 8:53 AM
    secretary
    [email protected]
    Regulation of Retail Forex
    To Whom it may concern,
    Many small traders like myself actually earn enough money with small(under $10,000) accounts to pay our
    way...in other words it is our job. To change the leverage to an amount that is only attainable to much larger
    traders is just like shutting down many small businesses .... you are only thinking of the traders that "lose"
    money...those traders will lose money no matter what the leverage amount is. Dont you see already how many
    dollars have left America just with changing the leverage to what it is now....I can still afford to trade with the
    current leverage amount in place now but if these changes are put in place I along with thousands of traders will
    be forced to trade with "out of the country" brokers.
    Regards,
    C.Clements
    RIN 3038-AC61