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Comment for Proposed Rule 75 FR 3281

  • From: Allan Person
    Organization(s):

    Comment No: 8602
    Date: 3/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08602
    From:
    Sent:
    To:
    Subject:
    ALLAN PERSON
    Friday, March 19, 2010 11:58 AM
    secretary
    Fw: RIN 3038-AC61
    THANK YOU!
    ALLAN Person
    American!
    I am personally trading now overseas ....
    why?
    --- On Fri, 3119110,
    ALLAN PERSON

    wrote:
    From: ALLAN PERSON
    Subject: RIN 3038-AC61
    To: [email protected]
    Date: Friday, March 19, 2010, 10:49 AM
    I know you guys may feel some of your current changes regarding
    countries financial position but Please consider the following.
    RIN 3038-AC61 may be to help our
    Should the 10 to 1 leverage rule proposed by the CFTC be adopted:
    Funded accounts currently in the U.S. system can be expected to go offshore.
    Forex fraud may worsen, not improve. Unregulated dealers from around the world will thrive, while
    operating
    without requirements for capital adequacy, risk management models, marketing ethics, dealing practices or
    even returning of customers funds.
    The United States may cost itself millions of dollars in trade revenue.
    Thousands of white collar jobs that require an advanced education and range from software developers to
    accountants to foreign exchange dealers may be eliminated, or move out of the United States.