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Comment for Proposed Rule 75 FR 3281

  • From: Darrell McNatt
    Organization(s):

    Comment No: 7291
    Date: 3/13/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07291
    From:
    Sent:
    To:
    Cc:
    Subject:
    Darrell McNatt
    Saturday, March 13, 2010 11:23 AM
    secretary
    [email protected]
    "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 U.S.
    Just another government regulation to stifle the small U S investor. We can and will
    move our accounts to London if the U.S. continues to regulate the income sources
    for the small investor. No doubt your proposal will regulate a majority of the people
    that participate in forex
    but
    excludes your "friends" Malta accounts. Typical govt.
    I realize to that a peasant citizen has no voice and our 'all knowing"
    regulators will vote their own interests with little conscience.