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Comment for Proposed Rule 75 FR 3281

  • From: Helal Alkaabi
    Organization(s):
    United Arab Emirates

    Comment No: 7800
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07800
    From:
    Sent:
    To:
    Subject:
    Helal Alkaabi
    Tuesday, March 16, 2010 11:35 AM
    secretary
    Regulation of Retail Forex
    Dear Sir,
    The mandate that was followed with the CFTC creation in 1974 prohibits the CFTC from creating any anti competitive rules
    and regulations in regards to its members. As we can see, 10:1 leverage would do just that to its members in the US. I would
    be thankful if you could review this new leverage rule, noting that it does not provide us with the freedom of choosing the risk
    that we like to follow as "free Market Traders".
    Thanking you for your understanding...
    Helal Alkaabi.
    United Arab Emirates
    +971506133114
    RIN 3038-AC61