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Comment for Proposed Rule 75 FR 3281

  • From: Paul Lindsey
    Organization(s):

    Comment No: 8010
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08010
    From:
    Sent:
    To:
    Subject:
    Paul Lindsey
    Tuesday, March 16, 2010 6:15 PM
    secretary
    Concerning the 10:1 Forex margin
    Mr secretary;
    I read and hear about the proposed changes in the forex trading guidelines and am trying to figure out what you
    think the changes will accomplish. From the things read and heard it seems all it will accomplish is to drive most
    if not all forex trading off shore from the US. I have not heard one positive comment about the proposal.
    I have been trading in forex for a few years and have not spent myself into bankruptcy, by God's grace all my bills
    are paid and I have enough sence to know my limits in trading. My opinion is that this idea is not good for US or
    the traders in the US. I cannot see where it will help anyone, unless it is the brokers in foreign countries. I don't
    know who you are trying to please with this decision. Paul Lindsey, 4969 Elizabeth Way, Lilburn, Ga 30047