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Comment for Proposed Rule 75 FR 3281

  • From: Patrick Callanan
    Organization(s):
    Callanan Musical Instruments

    Comment No: 7426
    Date: 3/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07426
    From:
    Sent:
    To:
    Cc:
    Subject:
    Patrick Callanan
    Sunday, March 14, 2010 1:14 AM
    secretary
    cftcfeedback@fxdd, com
    Ten to one leverage
    Dear Mr. Secretary,
    I believe that this regultion will serve no useful purpose. People who do not wish to abide by it will simply begin trading through off-
    shore companies, costing American brokers so much business that it will likely result in the closing of most--if not all--forex
    departments. It's going to do more harm than good.
    Sincerely,
    Patrick Callanan
    Callanan Musical Instruments
    2468 Freetown Dr.
    Reston, VA 20191
    703-501-1838