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Comment for Proposed Rule 75 FR 3281

  • From: Al Kafka
    Organization(s):

    Comment No: 7592
    Date: 3/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07592
    From:
    Sent:
    To:
    Cc:
    Subject:
    alkafka
    Monday, March 15, 2010 6:56 AM
    secretary
    [email protected]
    'Regulation of Retail Forex'
    Dear Mr. David Stawick,
    Secretary Commodity Futures Trading Commission
    I am writing to voice my objection to the proposed change to RIN 3038-
    AC61. Wherein "leverage in retail Forex customer accounts would be subject to
    a 10-to-1 limitation". My understanding of this change means that a 10:1
    leverage would be the maximum amount allowed for Forex traders in the U.S.
    Please note, I strongly object to this change and request that you reconsider the
    recommendation to proceed with this change.
    Yours truly,
    AI Kafka
    2003 Greenbriar
    Harbor Springs, MI 49740