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Comment for Proposed Rule 75 FR 3281

  • From: Rick Speer
    Organization(s):

    Comment No: 8649
    Date: 3/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08649
    From:
    Sent:
    To:
    Subject:
    Rick Speer
    Friday, March 19, 2010 11:06 PM
    secretary
    Regulation of Retail Forex
    I am writing to voice my concern against the proposed rules call for restricting leverage to 10-to-1. As
    an individual part time trader of currencies through a mini-forex account I believe this is a outrageous
    reduction in leverage. Every trading platform I have investigated as well as the companies offering said
    products clearly state the risks involved with trading currencies. I really hope for myself and other
    traders that such restrictions will not be implemented. Thank you for taking the time to read over my
    thoughts on the situation.
    -Rick Speer